Rockpoint Group JV sells mission-critical office complex in D.C. area

A venture between affiliates of Rockpoint Group and MRP Realty has sold Plaza East, a two-building, approximately 247,000-square-foot office complex located in Chantilly, Va.

The sales price was not disclosed; however, the new owner is The Meridian Group.

Plaza East was built in 2007 and is fully leased to seven tenants with approximately nine years of weighted average lease term. The largest tenant in the complex is Perspecta, Inc.

Located at 14291 and 14295 Park Meadow Drive, the complex is in the heart of the cyber-intelligence hub of the Westfields submarket. This location offers immediate proximity to numerous federal demand drivers, including the National Reconnaissance Office, the FBI Cyber Division and CIA. Additionally, the area boasts a robust amenity base of retail, dining and entertainment options along the Route 28 corridor.

The JLL Capital Markets team representing the seller was led by Matt Nicholson, Jim Meisel, Andrew Weir and Dave Baker.