The company plans to renovate buildings on the 12-acre property, including updated lobby areas, a renovated tenant amenity center, office suites, and space for communal outdoor areas, special events and entertainment.
The office campus was 85 percent leased at the time of the sale. The company did not disclose the purchase price of the property. The buildings, located at 11130, 11190 and 11180 Sunrise Valley Drive, were previously owned by Grosvenor Americas, which purchased the property in 2011 for $63 million.
The asking price of the property was $61 million. BPG Properties, a private equity real estate company, owned the campus before Grosvenor.
Promotional material cites the buildings’ close proximity to Wiehle-Reston East Metro Station and Reston Station.
Photo via Cushman & Wakefield