
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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- ◦Sale/Acquisition