RESTON, VA-Grosvenor Americas has acquired The Campus at Sunrise here, from BPG Properties, for roughly $63 million. The office complex consists of three low-rise office buildings totaling 254,453 square feet on 11 acres of land.

The buildings were originally developed between 1987 and 1989. They are all located on Sunrise Valley Drive: 11130, which has 67,354 square feet; 11180, with 78,622 square feet; and 11190, with 108,477 square feet. A mix of tenants occupy the campus, including technology, consulting, financial services, and government contracting firms.

The acquisition is a value add play for Grosvenor Americas, which is acquiring the complex at below replacement cost. Reston is in an improving office market cycle, Scott Brody, vice president of Investments in Grosvenor Americas’ Washington, DC office, said in a prepared statement. In addition, the future Wiehle Avenue Metro station, part of the Metro’s Silver Line extension through Tysons Corner, is scheduled to open in 2013. “With Metro arriving in 2013 and no new office supply under construction in the submarket, we expect strong rent growth over the next few years,” Brody said.

Other recent trades in the Reston submarket include VeriSign’s purchase of the office building it has been using for its corporate headquarters for $118 million and 1881 Campus Commons Dr., which traded for $64.4 million. Spear Street Capital purchased the 244,558-square-foot building, which is located at the intersection of the Dulles Toll Road and Wiehle Avenue.