WASHINGTON, DC-Rosemont Realty, based in Santa Fe, NM, has purchased the Dulles View office buildings in Herndon, VA for an undisclosed price.
Rosemont acquired the two, eight-story office buildings from CBRE Strategic Partners U.S. Fund. The buildings, which total more than 340,000 square feet, are approximately 94% leased. County land records have the assessed values of the properties at approximately $95 million, according to the newspaper.
“We have successfully completed our business plans for these properties in line with the value-added strategy of our CBRE Strategic Partners U.S. series of funds,” fund President Vance Maddocks states. "This included making significant investments, either through development or repositioning to lease these properties to core. As a result, we are now able to maximize the return for our investors through disposition.” See story in the Washington Business Journal.
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