SPRINGFIELD, VA-For $207 million, ING Clarion has purchased MetroPark. The Fried Cos. sold the 410,000-sf office portfolio. The firm developed the first of the office park’s four structures starting in 2000.

In addition to the four buildings–6350, 6354, 6355 and 6359 Walker Lane–the property comes with a parcel of land that can accommodate the development of an additional 515,000 sf of commercial space. Cushman & Wakefield’s Peter Berk, Warren Dahlstrom, Jim Luck, David Millard and Chip Ryan orchestrated the transaction.

Situated at a transit hub, the Joe Alexander Transportation Center, MetroPark provides a location in the suburban Washington, DC area of Fairfax County. “The MetroPark complex is ideal for Department of Defense and other agencies, as well as government contractors,” Berk notes. “Location, Metro access, security, abundance of parking and proximity to residential areas are all benefits for tenants.” ING Clarion has tapped C&W to handle leasing responsibilities.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.