NKF Facilitates Sale of VA Office Asset
2100 Reston Parkway has sold to Moore and Associates and Harbert Group.
RESTON, VA – Newmark Knight Frank has completed the sale of a 178,667-square-foot building in Reston, Virginia on behalf of a global investment advisor. The property, located at 2100 Reston Parkway, was purchased by Moore and Associates and Harbert Group.
The seven-story structure offers a fitness center, locker rooms, lounge, conference facility, game room and a two-level parking garage featuring 562 parking spaces.
The property is situated nearby the soon-to-open Silver Line Reston Town Center metro station.
The new owners are planning to implement strategic improvements to the asset, which is currently 76% leased.
Executive managing directors, James Cassidy and Jud Ryan and vice president, Cliff Cummings of Newmark Knight Frank, facilitated the sale.
Harbert-Management Corporation is an investment management firm based in Birmingham, Alabama. The company focuses on alternative assets, with $6.6 billion in regulatory assets under management.
Newmark Knight Frank is a commercial real estate advisory firm, operated by Newmark Knight Group Inc. The firm has 18,000 professionals currently operating from 480 offices throughout six continents.