Beacon Capital Places 411k SF Fairfax Office Complex on Market
Beacon Capital Partners has placed the Hunters Branch office complex in Fairfax up for sale and could fetch as much as $140M for the two-building property.
The property is at 9300 and 9302 Lee Hwy and just a short walk to the Vienna/Fairfax – GMU Metrorail station. The twin 12-story buildings have nearly 412k SF of Class-A office space, which is currently 97% occupied. The office market in Northern Virginia has shown signs of improvement heading into 2016, led by a growing demand from tech companies that have a preference for walkable communities near Metro.
Bisnow will be hosting its Fourth Annual Northern Virginia State of The Market on Oct. 29, where top real estate figures will assess and discuss the state and direction of the market. Highlights include a fireside chat with Peterson Cos chairman Milt Peterson and Northern Virginia legend Til Hazel. [CRE]