A partnership between affiliates of Lionstone Investments and funds advised by Columbia Real Estate Management, a subsidiary of Columbia Property Trust, has sold Dulles Executive Plaza, a two-building, class A office complex totaling 384,336 square feet in Herndon, Va.
Innovatus Capital Partners paid $113.5 million for the asset.
Dulles Executive Plaza is located at 13530 and 13560 Dulles Technology Drive in the Innovation Center micro-market of Herndon. This submarket is rapidly becoming a transit-oriented, mixed-use environment with the opening of the Innovation Center Silver Line Metro Rail Station later this year, which will link the property to the broader D.C. region and continue to spur additional development.
Renovated and repositioned in 2019, Dulles Executive Plaza offers on-site amenities, including a conference center, fitness facility, tenant lounge and food service. The property is 94 percent leased to name brand government contractors such as Lock
