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JLL Brokers $90M Sale of Falls Church Office Building

JLL has arranged the $90 million sale of a 257,489-square-foot office building in Falls Church, VA. Bill Prutting, Jim Meisel and Matt Nicholson of JLL represented the seller, Clarion Partners, in the transaction. The buyer was funds managed by U.S.-based Apollo Global Management.

Located at 3150 Fairview Park Drive, the property is fully leased on a long-term basis and serves as the mission-critical global headquarters for General Dynamics Information Technology (GDIT), a subsidiary of General Dynamics.

“3150 Fairview was highly sought-after due to its rare combination of a long-term leased global headquarters of a strong credit tenant, a fully renovated trophy asset and a submarket (Fairview Park) in Northern Virginia, which has experienced one million square feet of leasing activity since 2017, with many tenants landing in Fairview Park from ‘on-Metro’ locations.” said Prutting.

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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.

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