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.
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