Latest News
Office Property Near Herndon Metro Sells To Multifamily Developer Partnering With Japanese Firms
A 1980s-era office complex next to the new Herndon Metro station has been eyed for mixed-use development for years, but now a new team has taken over the project.
Penzance, which had been planning to redevelop the two-story office property since 2015, sold it to a partnership led by San Diego-based Fairfield Residential.
Fairfield Residential paid $18.25M for the 4.3-acre site on the Dulles Toll Road, Fairfax County property records show and Fairfield confirmed to Bisnow. It has partnered with […]
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School System Converts Vacant Office Space To Classrooms In Fairfax County
Fairfax County Public Schools has transformed 40K SF of a Herndon office park into educational spaces primarily focused on adult learning programs.
The school system leased one building and part of another at Penzance’s 420K SF Marker 20 campus at 450-485 Springpark Place, JLL — which negotiated the deals and managed the construction — announced Tuesday. The system initially agreed to lease 33K SF in December 2021, and then it expanded the deal by 6K SF in March 2022.
The buildings were converted to classroom, office and testing space to […]
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Penzance Buys 240K SF Arlington Office Building For $25M
Penzance has scooped up its second Arlington County property in as many months, this one a rare office building sale.
The D.C.-based firm acquired the Ballston One office building at 4601 North Fairfax Drive, it announced Thursday. The firm didn’t reveal the sale price, but property records show it sold for $25M.
The seller, UBS Realty Investors, was represented in the deal by JLL‘s Matt Nicholson, Andrew Weir, Jim Meisel, Dave Baker, Kevin Byrd and Kameel […]
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