{"id":1004379497,"date":"2020-01-06T05:17:19","date_gmt":"2020-01-06T13:17:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004379497"},"modified":"2025-02-27T21:51:08","modified_gmt":"2025-02-28T05:51:08","slug":"d-c-area-office-portfolio-changes-hands-for-19m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/d-c-area-office-portfolio-changes-hands-for-19m\/","title":{"rendered":"DC-Area Office Portfolio Changes Hands for $19M"},"content":{"rendered":"
\"\"<\/a>

Stafford Commerce Park I<\/p><\/div>\n

Newmark Knight Frank has arranged the sale of Stafford Commerce Center and Stafford Commerce Park, an office portfolio totaling 272,000 square feet outside Washington, D.C. Buyer Next Tier Real Estate Investors paid $19.2 million for the six buildings. NKF Executive Managing Director Larry FitzGerald and Director Cole Spalding acted on behalf of the seller, Hudson Real Estate Advisors. <\/p>\n

Following the close of the deal, Newmark Knight Frank was named to continue overseeing leasing operations for the portfolio for the new owner. The properties’ current tenant roster includes AT&T, the Department of Veterans Affairs, ECS and L3Harris Technologies.<\/p>\n

Built between 2001 and 2006, the buildings are located at 10, 16, 24 and 25 Center St. and 65 and 75 Barrett Heights Road in Stafford, Va. The assets are 2 miles from Interstate 95 and 7 miles from the Russell-Knox Building\u2014home to five military and counterintelligence agencies\u2014in Quantico. The surrounding area has several retail options within 2 miles, including Doc Stone Commons and North Stafford Plaza.<\/p>\n

In December, an NKF team represented the seller of a 178,700-square-foot property in Reston<\/a>, Va., 50 miles north. A joint venture between Moore & Associates and Harbert Management Corp. acquired the asset for $33.5 million, according to Yardi Matrix.<\/p>\n

If you’d like to be featured in Brokers’ Corner, send your deal to <\/em>deals@cpe-mhn.com<\/a><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Newmark Knight Frank’s Larry FitzGerald and Cole Spalding represented the seller in the deal.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"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":[36007,40632],"class_list":["post-1004379497","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-newmark-knight-frank","tag-next-tier-hd"],"acf":[],"yoast_head":"\nDC-Area Office Portfolio Changes Hands for $19M - 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\/d-c-area-office-portfolio-changes-hands-for-19m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DC-Area Office Portfolio Changes Hands for $19M\" \/>\n<meta property=\"og:description\" content=\"Newmark Knight Frank's Larry FitzGerald and Cole Spalding represented the seller in the deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/d-c-area-office-portfolio-changes-hands-for-19m\/\" \/>\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=\"2020-01-06T13:17:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T05:51:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/d-c-area-office-portfolio-changes-hands-for-19m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/d-c-area-office-portfolio-changes-hands-for-19m\/\",\"name\":\"DC-Area Office Portfolio Changes Hands for $19M - 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