Tuesday, August 7, 2012

Merrifield Medical Office Building Sold for $43M

3023 Hamaker Court in Merrifield, VA traded hands this month as Grosvenor Americas acquired the property for $43 million. The Long Cos., which developed the building in 2009, sold the property to Grosvenor; terms were not disclosed, but the building was being marketed by CBRE for sale. Anchored by Children's National Medical Center, the building was 75% leased at the time of sale.

According to a Virginia Business article, the property includes a three-story parking structure and adjacent land that could be developed into a second 120,000-square-foot building. "This is an excellent acquisition for Grosvenor Americas due to the building's exceptional quality and access, including substantial parking, as well as its prestigious tenants and proximity to INOVA Fairfax," Scott Brody, vice president, investments and general manager of Grosvenor Americas' Washington, D.C., office, said in a statement.

For more news and information visit Blumberg Capital Partners.

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