Office component of Village at Leesburg is for sale
- February 12, 2018
Avison Young has been retained as the exclusive adviser in the sale of two Class A office buildings totaling more than 120,000 square feet that are part of a mixed-use development in Leesburg.
The buildings at 1602 and 1608 Village Market Blvd. comprise the office component of the 55-acre Village at Leesburg. The main building offers 107,642 square feet of office space on three floors above one retail floor, which is not included in the offering.
The second building, occupied by a single office tenant, has 12,494 square feet of office space on two stories.
In addition to the office space, the 1.2 million-square-foot, development includes more than 550,000 square feet of retail space and 335 apartment units. The project’s developers are Rappaport (retail) and Kettler Inc. (multifamily).
According to Washington, D.C.-based Avison, the buildings are 93 percent leased. The property is surrounded by retail outlets, including Wegmans, Cobb Theatres, Bowlero Bowling and LA Fitness.
The property is located on the Route 7/Leesburg Pike, with access to Interstate 495, I-395 and Washington Dulles International Airport.