Investment firms in New York and Canada spent hundreds of millions of dollars this year to acquire office and residential buildings near the Dulles International Airport in Fairfax County.
Ivanhoé Cambridge, a real estate company based in Montreal, acquired Ashton at Dulles Corner, a set of luxury apartment buildings along Sunrise Valley Drive in McNair, on Nov. 12 for over $149 million. A spokesperson, Véronique Désilets, suggested by email that the company increased an existing stake it has in the property but declined to say what its long-term plans are for the property.
It’s still being managed by global real estate developer and property manager Greystar, which is headquartered in Charleston, S.C.
Manhattan-based Innovatus Capital Partners acquired three office buildings located at 13530 and 13560 Dulles Technology Drive on May 28 for $113.5 million. According to its website, the investment firm seeks to “identify and capitalize on market distress, disruption, and growth.”
And the North American Islamic Foundation, which holds prayers and religious classes at its current location at 13515 Dulles Technology Drive, Suite 1, bought a building next door that currently houses the Little Oaks Montessori Academy and Oak Hill Christian School. The $6.8 million purchase happened on Aug. 30.
“An expansion plan is underway on the main campus to match the needs of the rapidly growing community,” NAIF says on its website.
Officials with Innovatus Capital Partners and NAIF declined to respond to messages seeking comment about their plans.
The properties are near the yet-to-open Innovation Center Station for the continued expansion of Metrorail’s Silver Line, which is still facing delays. It also comes as the pandemic has led businesses to rethink whether they’re using office space as efficiently as possible.
Photo via Google Maps
Live Fairfax is a bi-weekly column exploring Fairfax County. This recurring column is sponsored and written by Sharmane Medaris of McEnearney Associates. Questions? Reach Sharmane at 813-504-4479. There are so many fun things…
This biweekly column is sponsored by The Mather in Tysons, Virginia, a forward-thinking Life Plan Community for those 62 and better. November — a month containing both Veterans Day and Thanksgiving…
The annual exhibit returns to Reston in early December (courtesy RCC) Reston Community Center will host its 24th annual gifts and shopping exhibit in early December. The Gifts from the…
Curative will operate COVID-19 testing mobile labs at six sites in Fairfax County (courtesy Fairfax County Health Department) Curative is set to shut down all of its public COVID-19 testing…
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.