Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DULLES, VA-One of the five buildings in the 140,000-sf Cascades Business Center flex/warehouse and condominium development has been sold in a $3.1-million deal. Dulles Marketing & Services LLC acquired the 41,800-sf flex structure from developer Buchanan Partners.

Located on Marie’s Road near the Washingotn Dulles International Airport the structure is less than one-year-old and is leased in its entirety to indoor entertainment company Allsports Grand Prix. The popular 10-acre park sits just behind Loudoun Tech Center and is home to other tenants such as indoor rock climbing facility, software developer Inline Corporation and Italian furniture and home systems distributor DAR International Furniture.

“Despite double-digit office vacancy rates in some of the surrounding areas, Cascades has been tremendously successful because business owners and small investors have been able to take advantage of low interest rates to purchase their properties,” Buchanan principal Robert E. Buchanan explains. “Business owners can secure low, fixed occupancy costs, while investors enjoy a secure income stream and the ability to subdivide their buildings in the future.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.