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FAIRFAX, VA-Another day, another building sale for the District and surrounding suburbs, which have been racking up a growing list of recent trades. Yesterday ING Clarion Partners sold 3150 Fairview Park in Falls Church for $73 million to an undisclosed buyer. ING Clarion acquired 3150 Fairview Park in 2004 for $92.8 million from Hines. ING Clarion was unable to return a call to GlobeSt.com in time for publication. The sale was made on behalf of the Australia-based ING Office Fund, and closed on September 30th.

According to a prepared statement by Managing Director Robert Greer, the sale of the 252,613-square-foot, class-A office building supports ING Office Fund’s strategy of selectively rebalancing its portfolio, while also gaining additional liquidity for future investment opportunities.

The eight-story building was constructed in 2001 and serves as headquarters for non-profit Noblis. It is situated on 16 acres in Fairview Park, home to many major corporations. “The quality of Noblis’ headquarters building allows the Fund to exit at attractive pricing in today’s marketplace,” Greer says.

Like many erstwhile regular investors, ING Clarion’s participation in the DC market has slowed in response to the recession and credit crunch. In one of its last major deals last year ING Clarion acquired 1111 19th St. NW on behalf of clients, for $115 million from the Blackstone Group.

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