Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Industries Real Estate Two NoVa office properties sell for $118M, $27.6M

Two NoVa office properties sell for $118M, $27.6M

Monday Properties acquires Three Ballston Plaza, Fairview Park office buildings

Published November 18, 2021 by Robyn Sidersky

Fairview Park has 184,000 square feet of office space in the Merrifield section of Fairfax County.

Monday Properties has acquired two properties in Northern Virginia, the real estate investment firm and developer announced Thursday.

The firm closed deals on Three Ballston Plaza, a 330,000-square-foot office building in Arlington’s Rosslyn-Ballston corridor, for $118 million and a 184,000-square-foot office building at 3141 Fairview Park in the Merrifield submarket of Fairfax County for $27.6 million.

Monday Properties, based in New York and Washington, D.C., has renovation plans for both properties.

Three Ballston Plaza, at 1100 N. Glebe Road, is about five miles from Washington and five miles from Amazon.com Inc.’s HQ2 East Coast headquarters in National Landing.

The lobby and building entry will be fully renovated, and there will be more than 10,000 square feet of new conferencing and flexible lounge amenity spaces, according to Monday Properties. The renovation will include new fitness facility offerings, such as a new cycling system, to better serve commuters and pedestrians traveling the Curtis Trail system. The company will work with California-based Gensler, an architecture firm.

Drew Flood, Bill Collins and Paul Collins of Cushman & Wakefield represented the seller, an entity connected to AEW Capital Management. Monday Properties partnered with Washington Capital on behalf of its clients on the deal, and Cliff Cummings led the acquisition.

Three Ballston Plaza in Arlington’s Rosslyn-Ballston area sold for $118 million to Monday Properties.

At Fairview Park, Monday Properties has the same goal of “connecting the community through enhanced indoor/outdoor spaces and amenities.”

Fairview Park is inside the beltway and has a 17-acre lake, 2.5 miles of wooded jogging trails and shares a courtyard with the Marriott Fairview Park hotel, which is undergoing significant renovations. Monday Properties said in a news release that a 5,000-square-foot indoor/outdoor space would offer room for a café, catering space, lounge and other amenities, and further work will include a fitness center and conference work areas off the entrance and lobby.

“Fairview Park’s location provides tenants with highly desirable and convenient access to major decision and travel center hubs, including downtown D.C., the Mosaic District, the Pentagon, Dulles International Airport, Reagan National Airport and the emerging National Landing submarket with Amazon HQ2 to name a few,” Austin Freeman, executive vice president of portfolio and investment management at Monday Properties, said in a statement. “3141 Fairview Park is also a stone’s throw away from the Defense Health Agency and Inova Fairfax Medical Campus, surrounded by some of the top defense and health technology tenants in the region.”

James Cassidy and Jud Ryan of Newmark represented the seller, an LLC connected to Brandywine Realty Trust, a Philadelphia-based real estate investment trust. Monday Properties represented itself, with Cliff Cummings leading the acquisition.

 

Subscribe to Virginia Business. Get our daily e-newsletter.

Related Stories

Virginia Business logo

Falls Church office building sells for $87.5M

Building was 98% leased at time of sale

Metro unveils major Falls Church redevelopment agreement

West Falls Church Metro station will have more than 1M sq ft of mixed use space

Virginia Business logo

Reston-based Stanley-Martin to acquire Essex Homes

Essex Homes built more than 853 homes in the Carolinas in 2019.

Trending

Norfolk’s MacArthur Center mall listed for sale

Making strides

It’s back!

After the crisis

Fort Monroe development moving forward

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

Norfolk’s MacArthur Center mall listed for sale

Making strides

It’s back!

After the crisis

Fort Monroe development moving forward

Sponsored Stories

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk