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Washington DC  + DC Metro  + Office  | 

Herndon Office Complex Trades for $114M

JLL has arranged the $113.5 million sale of Dulles Executive Plaza, a two-building office complex totaling 384,336 square feet in Herndon, VA.

Dulles Executive Plaza is located at 13530 and 13560 Dulles Technology Drive in the Innovation Center submarket of Herndon. Renovated and repositioned in 2019, the property offers on-site amenities, including a conference center, fitness facility, tenant lounge and food service. The property is 94% leased to name brand government contractors such as Lockheed Martin and Constellis.

Matt Nicholson, Jim Meisel, Andrew Weir and Dave Baker of JLL represented the seller in the transaction, a partnership between affiliates of Lionstone Investments and funds advised by Columbia Real Estate Management. The buyer was Innovatus Capital Partners. In addition, Paul Spellman, Rob Carey and Susan Carras of JLL secured acquisition financing on behalf of the buyer.


Inside The Story

Innovatus Capital PartnersJLL’s Nicholson

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.