More than two years after joining forces to buy Worldgate Metro Plaza in Herndon, two developers have once again partnered to buy a property in the area.
Newmark Knight Frank, a real estate advisory firm, sold the office building on 2100 Reston Parkway to Moore and Associates and Harbert Management Corporation, an Alabama-based investment management firm.
The seven-story, 178,667-square-foot building includes a fitness center, lounge, game room, and conference facilities with 562 parking spots in a two-level garage near the building.
Here’s more from Newmark Group, Inc. on the sale:
With 76 percent of the building already leased, the new owners have a great start on fostering a strong tenant base in a highly-desirable area of one of the country’s fastest growing markets.
“2100 Reston Parkway is located on the main north-south spine of the dynamic Reston submarket. It is easily accessible to the amenities located at Reston Town Center,” said NKF Executive Managing Director James Cassidy. “The property will benefit from all of the adjacent development south of the Toll Road including Brookfield’s transformational, Wegman’s-anchored 4.1 million-square-foot Halley Rise project and JBG Smith’s Reston Heights development.”
“The building is also proximate to the soon-to-open Silver Line Reston Town Center Metro station and will continue to perform well due to the buyer’s continued strategic improvements to the asset in the tightening Reston market,” added Cassidy.
The details of the deal were not disclosed publicly.
Photo via Google Maps
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The Ravel Dance Studio will re-open for fall classes 2020. The school will offer in person and virtual online instruction. With over 5000 sq. ft. to social distance the school has added air ionization filtration systems, ballet barres, acrylic dividers, hands free bathrooms, strict monitoring and more.
The Ravel Dance Studio will produce a Nutcracker Ballet Hollywood style video through the Reston Community CenterStage. REGISTRATION online begins August 17.
Chris Green is one of the DMV’s finest fitness instructors. A Lululemon and South Block ambassador, he is a coach and mentor to so many. He embodies grace, positivity and motivation in ways that no one else can. If we could all learn a thing or two from him, the world would be a much better place. He does so much for others, and does so with a smile on his face 99% of the time.
He recently ruptured his Achilles and has an incredibly long and tough journey ahead. As if COVID hadn’t impacted fitness professionals enough, throw this in the mix and it’s a double, even triple whammy. CG is no longer able to work and do what he loves for the time being because of this and we’d love your support.
