{"id":1004108272,"date":"2014-11-24T13:05:46","date_gmt":"2014-11-24T21:05:46","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=308061"},"modified":"2020-04-13T04:06:39","modified_gmt":"2020-04-13T12:06:39","slug":"st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/","title":{"rendered":"St. John Properties Pays $11.7M  for Three OfficeFlex Buildings in Sterling"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_308062\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-308062\" title=\"LoudounTechCenter1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg\" alt=\"\" width=\"300\" height=\"137\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Loudoun Tech Center<\/p>\n<\/div>\n<p style=\"text-align: justify;\">St. John Properties Inc. recently acquired a three-building office\/flex portfolio in Sterling. The company paid $11.7 million to buy the properties from an affiliate of Lone Star Funds. With this acquisition, St. John\u2019s Northern Virginia portfolio now includes more than 570,000 square feet of office and flex space and about 83 acres of land for future developments.<\/p>\n<p style=\"text-align: justify;\">The three properties are located at 21660, 21670 and 21680 Ridgetop Circle, in Loudoun Tech Center. Constructed between 2000 and 2001, together they offer 125,000 square feet of space. According to St. John, the larger of the three has 57,000 square feet and is currently 78 percent occupied. Its tenant roster includes Textron Systems and Sonus Networks. The remaining two buildings, with 36,000 and 32,000 square feet of space, are both vacant, bringing the portfolio\u2019s total occupancy to 36 percent.<\/p>\n<p style=\"text-align: justify;\">St. John plans to improve the three properties. It will also start construction on 282,000 square feet of speculative R&amp;D\/flex\/office space at its nearby Ashburn Crossing business community. In Ashburn, the company recently opened Ashburn Technology Park, a 43-acre business community with eight buildings offering a total of 445,000 square feet of R&amp;D\/office\/flex space. They are home to such companies as Carrier Corp., Comcast, Dulles Area Association of Realtors, Volkswagen\/Audi, Lost Rhino Brewery and VeriSign.<\/p>\n<p style=\"text-align: justify;\">\u201cWe remain extremely bullish on Northern Virginia. The fundamentals remain strong, in spite of market challenges over the past several years,\u201d Matt Holbrook, regional partner for St. John Properties, said in a statement. \u201cThe absorption rate of our current portfolio has been robust, thanks in part to the local workforce, technology infrastructure and the excellent quality of life that exists in the region. The high-technology workforce has amazing depth, and companies gravitate to this area to access this specialized labor force.\u201d Holbrook added that the newly acquired buildings will help meet the expansion needs of the existing St. John tenants in the area.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.sjpi.com\" target=\"_blank\" rel=\"nofollow\"><em>St. John Properties<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>St. John Properties, Inc. has recently acquired a three-building office\/flex portfolio in Sterling. The company paid $11.65 million to buy the properties from an affiliate of Lone Star Funds. With this acquisition, St. John&rsquo;s Northern Virginia portfolio now includes more than 570,000 square feet of office and flex space and about 83 acres of land for future developments.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004108272","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling\" \/>\n<meta property=\"og:description\" content=\"St. John Properties, Inc. has recently acquired a three-building office\/flex portfolio in Sterling. The company paid $11.65 million to buy the properties from an affiliate of Lone Star Funds. With this acquisition, St. John&rsquo;s Northern Virginia portfolio now includes more than 570,000 square feet of office and flex space and about 83 acres of land for future developments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-11-24T21:05:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-13T12:06:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling\",\"datePublished\":\"2014-11-24T21:05:46+00:00\",\"dateModified\":\"2020-04-13T12:06:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/\"},\"wordCount\":335,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/LoudounTechCenter1.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/\",\"name\":\"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/LoudounTechCenter1.jpg\",\"datePublished\":\"2014-11-24T21:05:46+00:00\",\"dateModified\":\"2020-04-13T12:06:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/LoudounTechCenter1.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/LoudounTechCenter1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\",\"name\":\"Adrian Maties\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"caption\":\"Adrian Maties\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adrianmaties\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/","og_locale":"en_US","og_type":"article","og_title":"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling","og_description":"St. John Properties, Inc. has recently acquired a three-building office\/flex portfolio in Sterling. The company paid $11.65 million to buy the properties from an affiliate of Lone Star Funds. With this acquisition, St. John&rsquo;s Northern Virginia portfolio now includes more than 570,000 square feet of office and flex space and about 83 acres of land for future developments.","og_url":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-11-24T21:05:46+00:00","article_modified_time":"2020-04-13T12:06:39+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg","type":"","width":"","height":""}],"author":"Adrian Maties","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/"},"author":{"name":"Adrian Maties","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"headline":"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling","datePublished":"2014-11-24T21:05:46+00:00","dateModified":"2020-04-13T12:06:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/"},"wordCount":335,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg","articleSection":["News","Washington D.C."],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/","url":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/","name":"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg","datePublished":"2014-11-24T21:05:46+00:00","dateModified":"2020-04-13T12:06:39+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/11\/LoudounTechCenter1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/st-john-properties-pays-11-7m-for-three-officeflex-buildings-in-sterling-3\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"St. John Properties Pays $11.7M for Three OfficeFlex Buildings in Sterling"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109","name":"Adrian Maties","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","caption":"Adrian Maties"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/adrianmaties\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004108272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/925"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004108272"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004108272\/revisions"}],"predecessor-version":[{"id":1004415994,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004108272\/revisions\/1004415994"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004108272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004108272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004108272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}