An affiliate of Menlo Equities has acquired 2941 Fairview Park Drive, a 367,349-square-foot trophy office building prominently located in one of the region’s only inside-the-beltway corporate office parks, Fairview Park in Falls Church, Va.
JLL Capital Markets represented the seller. The financial terms were not disclosed.
“Menlo Equities’ acquisition of 2941 Fairview Park Drive reaffirms our firm’s continued commitment to buy best-in-class assets in fundamentally strong, technology-driven markets that feature proven credit tenant demand,” noted Rick Holmstrom, founder and managing partner of Menlo Equities.
2941 Fairview Park Drive is 94 percent leased with an average remaining lease term of eight-plus years and boasts a strong credit tenant roster anchored by multiple Fortune 500 companies, including the headquarters for a leading global international, defense and aerospace company. The 15-story building offers tenants 9’-12’ finished
