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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.
- ◦Sale/Acquisition
