The Meridian Group (TMG) and Harrison Street Asset Management (HSAM), an alternative global investment management firm with approximately $109 billion in assets under management, in partnership with HLM Associates, has announced the acquisition of the Stoneleigh and Newbrook campuses, a five-building, 431,000-square-foot office portfolio in Chantilly, Va.
The acquisition represents a significant investment in one of northern Virginia’s most important national security and defense corridors and advances TMG and HSAM’s conviction in the growing demand for modern, mission-critical facilities serving the U.S. defense and intelligence communities.
Located in the Westfields submarket, the portfolio is home to a concentration of defense and intelligence-focused companies. The joint venture plans to invest additional capital in the portfolio to expand its secure-facility capabilities, modernize existing infrastructure and create an environment designed to address the evolv
