{"id":1004294654,"date":"2019-01-29T05:01:51","date_gmt":"2019-01-29T13:01:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004294654"},"modified":"2019-01-29T05:01:51","modified_gmt":"2019-01-29T13:01:51","slug":"lincoln-property-acquires-va-office-campus-for-21m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-acquires-va-office-campus-for-21m\/","title":{"rendered":"Lincoln Property Acquires VA Office Campus for $21M"},"content":{"rendered":"<div id=\"attachment_1004294657\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1548440438_VanBuren-e1548689916774.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004294657\" data-attachment-id=\"1004294657\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-acquires-va-office-campus-for-21m\/1548440438_vanburen\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1548440438_VanBuren-e1548689916774.jpg\" data-orig-size=\"672,504\" 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=\"1548440438_VanBuren\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Van Buren Office Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1548440438_VanBuren-e1548689916774.jpg?w=672\" class=\"wp-image-1004294657 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1548440438_VanBuren-e1548689916774.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1548440438_VanBuren-e1548689916774.jpg 672w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/1548440438_VanBuren-e1548689916774.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004294657\" class=\"wp-caption-text\">Van Buren Office Park<\/p><\/div>\n<p>Lincoln Property Co. has acquired five single-story office buildings in Herndon, Va., for $21 million from Finmarc Management. The properties comprise nearly 110,000 square feet within the Van Buren Office Park.<\/p>\n<p>The buildings, located at 510, 512, 516 and 520 Herndon Parkway, as well as 250 Exchange Parkway, are situated just off the Dulles Toll Road, near the Fairfax County Parkway and Reston Town Center, about a 35-minute drive from Washington, D.C.<\/p>\n<p>Bruce Strasburg and Craig Childs of HFF represented Finmarc Management in the deal.<\/p>\n<p><em>\u201cThis sale continues our strategy of selectively disposing of certain properties to generate proceeds to fund value-add and opportunistic acquisitions in the future,\u201d<\/em> said Sean Sullivan, vice president of Finmarc Management, in prepared remarks.<em> \u201cFueled by the expansion of the Silver line, the Reston\/Herndon area has experienced tremendous business and residential growth, which we have capitalized on by substantially increasing the occupancy of our buildings.\u201d<\/em><\/p>\n<p>Last month, Lincoln Property Co. <a href=\"https:\/\/www.commercialsearch.com\/news\/convergent-denholtz-sell-239ksf-tampa-office-asset\/\">acquired a 240,000-square-foot office property<\/a> in St. Petersburg, Fla., for $40 million from Convergent Capital Partners and Denholtz Associates.<\/p>\n<p><em>Image courtesy of Finmarc Management<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The five-building campus has nearly 110,000 square feet of space within the Van Buren Office Park in Herndon, Va. The seller was Finmarc Management.<\/p>\n","protected":false},"author":745,"featured_media":1004294657,"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":[34253,32792,34930],"class_list":["post-1004294654","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-finmarc-management-inc","tag-hff","tag-lincoln-property-co"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lincoln Property Acquires VA Office Campus for $21M - 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\/lincoln-property-acquires-va-office-campus-for-21m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Property Acquires VA Office Campus for $21M\" \/>\n<meta property=\"og:description\" content=\"The five-building campus has nearly 110,000 square feet of space within the Van Buren Office Park in Herndon, Va. 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