Class A sites sell for $42m.CHANTILLY, VA: Advance Realty announced the sale of 14550 (Mid-Rise III) and 14560 (Mid-Rise IV) Avion Parkway in Chantilly, Va., to CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) Realty Trust for $41.5 million. Advance Realty also announced that it would be retained to manage the property for the new owner. Currently 100 percent leased to two exceptionally strong tenants, Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. and the General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. on behalf of the Federal Drug Enforcement Agency, these three-story buildings total 143,011 s/f in Avion Business Park, the most successful office and flex business park in Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. . Situated along Route 50 near the intersection of Route 28, and adjacent to Washington Dulles International Airport Washington Dulles International Airport (IATA: IAD, ICAO: KIAD, FAA LID: IAD) is a public airport located 25 miles (40 km) west of the central business district of Washington, D.C., in Loudoun County and Fairfax County, Virginia, United States. , Avion Business Park features convenient access to the area's major thoroughfares including the Dulles Toll Road, Interstate 66, and the capital beltway. "In a soft market where other deals are falling apart on a daily basis, Advance Realty was able to sell these two assets due to the overall quality of the buildings and Avion Business Park, as well as the tenant roster," said David Fisher, senior vice president and regional managing director of Advance's Washington, D.C., region. |
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