Reston Parkway Office Building Sold to Pair of Developers

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