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Monday Properties Spends $146M on a Twofer of Northern VA Offices
Arlington- and NYC-based Monday Properties has acquired two Northern Virginia office buildings for a combined $145.6 million.
The larger at 300,000 square feet, Three Ballston Plaza in Arlington’s Rosslyn-Ballston corridor, was purchased for $118 million. The smaller at 184,000 square feet, 3141 Fairview Park in the Merrifield submarket of Fairfax County, was purchased for $27.6 million.
Monday Properties plans to capitalize on a significant opportunity to revitalize Three Ballston Plaza by delivering enhanced experiences that afford tenants a more optimal work environment.
Cushman & Wakefield represented the seller of Three Ballston Plaza; Monday Properties partnered with Washington Capital on behalf of its clients on the deal.
3141 Fairview Park is described as an oasis inside the Beltway due to its outdoor amenities including a 17-acre lake, and 2.5 miles of wooded jogging trails. It also offers the “HUB,” a 5,000-square-foot indoor/outdoor multi-use amenity.
Newmark represented the seller of 3141 Fairview Park; Monday Properties represented itself.
Photo, l-r: Three Ballston Plaza, 3141 Fairview Park
- ◦Sale/Acquisition
