Two-Building, Class A Office Complex in Herndon Changes Ownership
JLL has completed the sale of and arranged acquisition financing for Herndon Metro Plaza I & II, a two-building, Class A office complex totaling 204,029 square feet in Herndon, VA.
Matt Nicholson, Dave Baker, Andrew Weir, Jim Meisel and Kevin Byrd of JLL represented the seller and procured the buyer, a private investor. Matt Nicholson, Dave Baker, Andrew Weir, Jim Meisel and Kevin Byrd also of JLL secured a fixed-rate loan for the buyer through Tristate Capital Bank.
Collectively, the two properties are 53% leased to seven tenants with three years of weighted average lease term remaining. The buildings feature 26,700-square-foot floorplates and amenities such as underground parking and a new tenant lounge and conference center.
Herndon Metro Plaza I & II is situated on a 6.5-acre site at 196 and 198 Van Buren St., approximately 22 miles from downtown DC. The office complex is immediately adjacent to the new Herndon Metrorail Station.
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 she makes the transition from an utterly failed racehorse to a lovely show hunter.
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