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Three Ballston and 3141 Fairview office buildings in Arlington, VA

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

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition