ING Clarion Sells Office Building Northern Virginia for USD 73 Million
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ING Clarion Partners, LLC, a leading real estate investment advisory firm, has sold 3150 Fairview Park in Falls Church, Virginia for USD 73 million, it was announced today. The sale was made on behalf of the Australia-based ING Office Fund, and closed on September 30th.
The 252,613 square foot, Class-A office building was constructed in 2001 and serves as headquarters for Noblis, Inc. a non-profit science, technology, and strategy organization. It is situated on just under 16 acres in Fairview Park, home to many major corporations and one of the strongest office markets in Fairfax County. The eight-story, Class-A facility features state-of-the-art security, a cafeteria, and a special purpose auditorium, as well parking for 872 vehicles.
"The sale supports ING Office Fund's strategy of selectively rebalancing and refining its portfolio across all continents, while at the same time providing additional liquidity for future investment opportunities. The quality of Noblis' headquarters building allows the Fund to exit at attractive pricing in today's marketplace," said Robert Greer, Managing Director at ING Clarion Partners.