Two Northern Virginia business parks are for sale
Two Northern Virginia business parks, Gunston Commerce Center in Lorton and Prince Williams Commons in Woodbridge, are for sale.
Toronto-based Avison Young said its Washington office has been selected to market and sell the properties, which are owned by I-95 Business Parks Management.
Gunston Commerce Center has about 602,000 square feet of rentable space in nine buildings.
It is 85 percent leased, and its anchor tenants include the General Services Administration and key contractors.
The park includes nine buildings with rentable areas ranging from 20,721 square feet to 111,748 square feet. Each is located on Richmond Highway or Furnace Road.
Prince Williams Commons contains approximately 267,000 square feet in five buildings
It is 75 percent leased to a diverse mix of tenants that include medical and health-related providers, the GSA and government contractors. No single tenant makes up more than 10 percent of the leased rentable area.
The park’s buildings range from 36,001 square feet of rentable area to 67,262 feet. They are located on Crown Court and Noble Pond Way.