{"id":1004217042,"date":"2018-04-05T10:02:57","date_gmt":"2018-04-05T18:02:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004217042"},"modified":"2022-12-08T17:38:56","modified_gmt":"2022-12-09T01:38:56","slug":"monday-properties-nabs-two-nova-office-buildings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monday-properties-nabs-two-nova-office-buildings\/","title":{"rendered":"Monday Properties Nabs Two NoVa Office Buildings"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004217048\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMC_Building-Main-002.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004217048\" data-attachment-id=\"1004217048\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monday-properties-nabs-two-nova-office-buildings\/dmc_building-main-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMC_Building-Main-002-e1522854256720.jpg\" data-orig-size=\"704,527\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Dulles Metro Center in Herndon, Va.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Dulles Metro Center in Herndon, Va.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMC_Building-Main-002-e1522854256720.jpg?w=704\" class=\"wp-image-1004217048 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMC_Building-Main-002-e1522854256720.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMC_Building-Main-002-e1522854256720.jpg 704w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/DMC_Building-Main-002-e1522854256720.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004217048\" class=\"wp-caption-text\">Dulles Metro Center in Herndon, Va.<\/p><\/div>\n<p>Monday Properties has expanded its D.C.-area presence with the purchase of two <a href=\"https:\/\/www.commercialsearch.com\/news\/university-of-virginia-to-open-new-educational-facility\/\">office properties in Northern Virginia<\/a>, totaling more than 370,200 square feet. Dulles Metro Center, sold by a joint venture between Principal Real Estate Investors and The Pinkard Group, is located in Herndon, Va., while Cameron Run Office Park, acquired from The Meridian Group, is situated in Alexandria, Va.<\/p>\n<p><em>\u201cThe strategic acquisitions of Cameron Run and Dulles Metro Center reinforce our long-standing commitment to investing in assets located within paths of growth in the Washington Metropolitan area,&#8221; <\/em>Tim Helmig, managing partner for Monday Properties, told <em>Commercial Property Executive<\/em>. &#8220;<em>We are bullish on future investment opportunities in the region, particularly in transit-oriented zones with built, or to be built, live-work-play environments.\u201d<\/em><\/p>\n<h2>Recently renovated assets<\/h2>\n<p>According to public records, Dulles Metro Center formerly traded in 2014 for $44.5 million. The site is located at 2325 Dulles Corner Blvd., adjacent to Hyatt Regency Dulles and Dulles Toll Road. The transit-oriented property is also neighboring the Dulles International Airport and is within walking distance of the upcoming Innovation Center Metro station. The Class A property positioned in the heart of the Dulles Technology Corridor is 96 percent leased and has undergone recent upgrades. The 225,029-square-foot Dulles Metro Center includes best-in-class amenities such as:<\/p>\n<ul>\n<li>modernized lobby<\/li>\n<li>fitness center<\/li>\n<li>tenant lounge with catering facility<\/li>\n<li>conference center<\/li>\n<li>outdoor patio with collaborative workspaces<\/li>\n<\/ul>\n<div id=\"attachment_1004217075\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004217075\" data-attachment-id=\"1004217075\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/monday-properties-nabs-two-nova-office-buildings\/cameron-run_exterior-002\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002-e1522855089734.jpg\" data-orig-size=\"1004,753\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Cameron Run in Alexandria, Va.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002-e1522855089734.jpg?w=1004\" class=\"wp-image-1004217075 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002-e1522855089734.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002-e1522855089734.jpg 1004w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002-e1522855089734.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/Cameron-Run_Exterior-002-e1522855089734.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004217075\" class=\"wp-caption-text\">Cameron Run Office Park in Alexandria, Va.<\/p><\/div>\n<p>Meridian purchased Cameron Run Office Park in 2012, for $31.3 million. Located at 3601 Eisenhower Ave., the property sits inside D.C.\u2019s Beltway, proving visibility from interstates 95 and 495. The site offers easy access to four Metro stations and Reagan National Airport. The building is fully leased and includes tenants Michael Baker Corp. and Savi Technology.<\/p>\n<p><em>Images courtesy of Monday Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition includes Dulles Metro Center in Herndon and Cameron Run Office Park in Alexandria, totaling more than 370,200 square feet.<\/p>\n","protected":false},"author":739,"featured_media":1004508169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,11,21742,21747,1615],"tags":[35824,33706,33280,37271,35827],"class_list":["post-1004217042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-monday-properties","tag-principal-real-estate-investors","tag-the-meridian-group","tag-the-pinkard-group","tag-tim-helmig"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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