Pair of office buildings in Herndon for sale — again

Hendron Metro Plaza II at 198 Van Buren St. (left) and part of Herndon Metro Plaza I on the right (Photo via Google Maps)

Two office buildings are listed for sale, following an eight-figure transaction in 2016.

At the time, prior owner Brandywine Realty Trust, now headquartered in Philly, sold Herndon Metro Plaza I and II at 196 and 198 Van Buren St. for $44.5 million.

The owner is listed as ERGS HMP, LLC, which has an address in a Virginia business registration database that’s the same as investment firm Goldman Sachs’ global headquarters in New York.

The buildings currently have seven tenants, making the properties 53% leased and “offering investors a true value-add, transit-oriented office investment opportunity in a rapidly transforming, high-growth Northern Virginia submarket,” commercial real estate giant JLL says on its listing.

JLL, which didn’t immediately return messages seeking comment, touts the benefits of the property as ranging from prominent Dulles Toll Road signage opportunities to below-grade parking and being next to the Herndon Metro station, which the company says is slated for access in early 2022 (despite how numerous delays in completing it have already occurred).

The 6.5-acre site features a net building area of over 204,000 square feet, nearly four times the square footage of the White House.

The listing also notes the site is at the “intersection of federal spending” and Big Tech, with Amazon, Microsoft and Google continuing to expand along the Dulles Toll Road corridor.

Photo via Google Maps

Recent Stories

An FCPS employee gets vaccinated against COVID-19 at an Inova clinic in January 2021 (photo by Karen Bolt/Fairfax County Public Schools) Fairfax County is looking for artists to contribute to…

Reston Association (courtesy RA) Reston Association’s Board of Directors filled an at-large seat vacated by board member Glenn Small in November.  At a Thursday (Jan. 26) night meeting, the board…

The county’s housing authority has entered into an agreement with Foulger-Pratt (Photo via Fairfax County). A task force will discuss the redevelopment of Reston Town Center North (RTC North) beginning…

Morning Notes

Vehicles turn off Route 123 into Tysons Corner Center (staff photo by Angela Woolsey) Vienna’s Ilia Malinin Impresses at U.S. Skating Championships — “Even before his leading score of 110.36…

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.

Submit your own Community Post here for just $99.

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.

Read More

Submit your own Community Post here for just $99.

×

Subscribe to our mailing list