Meridian Group Acquires 247K-SF Office Complex in Metro D.C.
The Meridian Group has acquired Plaza East, a two-building, 247,000-square-foot office complex in Chantilly, VA. The sales price was not disclosed.
Plaza East was built in 2007 and is fully leased to seven tenants with approximately nine years of weighted average lease term. The largest tenant in the complex is Perspecta Inc. Located at 14291 and 14295 Park Meadow Dr., the complex is in the heart of the cyber-intelligence hub of the Westfields submarket.
Matt Nicholson, Jim Meisel, Andrew Weir and Dave Baker of JLL represented the seller, a venture between affiliates of Rockpoint Group and MRP Realty, in the transaction. Financing efforts for the buyer were led by JLL Capital Markets’ Paul Spellman and Dan McIntyre.
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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