Bethesda, MD-based Finmarc Management, Inc., has acquired an 11-building portfolio comprising approximately 740,000 square feet of flex/office, industrial and data center space in Springfield, VA for $127.5 million.

William Collins and Eric Berkman of Cushman & Wakefield represented the seller, Boston Properties, Inc.

Michael Zelin and Marshall Scanlon of Cushman & Wakefield procured the financing, Joe Hoffman and Aaron Rosenfeld of Kelley Drye & Warren provided legal services and Cliff Mendelson of Met Cap Advisors consulted.

Situated adjacent to Interstate 95 and Fairfax County Parkway, the buildings range from 27,000 to 105,000 square feet of space with six of the 11 currently 100% leased and occupied.

“We acquired this portfolio at below replacement cost and the in-place tenancy, which includes several federal government entities, will generate steady cash flow,” added Finmarc principal Neil Markus. “We believe well-located and best-in-class flex/office and industrial buildings situated in the outer ring suburbs will continue to flourish.”