{"id":1004492254,"date":"2020-11-12T04:12:18","date_gmt":"2020-11-12T12:12:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004492254"},"modified":"2020-11-12T05:41:10","modified_gmt":"2020-11-12T13:41:10","slug":"clarion-partners-sells-dc-office-asset-for-90m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/","title":{"rendered":"Clarion Partners Sells DC Office Asset for $90M"},"content":{"rendered":"
\"\"<\/a>

3150 Fairview Park Drive<\/p><\/div>\n

Clarion Partners has finalized the $90 million disposition of a 257,489-square-foot, Class A office property in Falls Church, Va. Apollo Global Management acquired the building. The asset previously traded in 2011, when Franklin Street Properties sold it for $90 million, Yardi Matrix data shows.<\/p>\n

Located on 16 acres at 3150 Fairview Park Drive, the eight-story building was completed in 2001. In March 2019, the seller finalized an extensive capital improvement plan, according to Washington Business Journal<\/em>. The renovation process included the addition of an atrium lobby, overhauling the common areas and tenant space and upgrading amenities.<\/p>\n

General Dynamics Information Technology’s fully occupies the property as its global headquarters under a long-term lease. The building has conference rooms, four elevators and an 884-space multi-level parking deck. Situated in the Fairview Park corporate office complex, the asset is alongside the Capital Beltway at its intersection with Arlington Boulevard, within 12 miles of downtown Washington, D.C.<\/p>\n

JLL Capital Markets Senior Managing Directors Bill Prutting and Jim Meisel and Managing Director Matt Nicholson negotiated on behalf of the seller. In April, Prutting led the team that closed the $97.6 million sale<\/a> of a 367,349-square-foot office asset less than 1 mile north of Apollo’s purchase. The brokerage sourced the buyer, Menlo Equities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Built in 2001, the Class A building in Falls Church, Va., underwent a major renovation last year.<\/p>\n","protected":false},"author":867,"featured_media":1004492350,"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":[34301,36351,32790,32971,32796,50623],"class_list":["post-1004492254","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-apollo-global-management","tag-capital-improvement","tag-clarion-partners","tag-franklin-street-properties-corporation","tag-jll","tag-william-prutting"],"acf":[],"yoast_head":"\nClarion Partners Sells DC Office Asset for $90M - 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\/clarion-partners-sells-dc-office-asset-for-90m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarion Partners Sells DC Office Asset for $90M\" \/>\n<meta property=\"og:description\" content=\"Built in 2001, the Class A building in Falls Church, Va., underwent a major renovation last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/\" \/>\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=\"2020-11-12T12:12:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-12T13:41:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\/clarion-partners-sells-dc-office-asset-for-90m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/\",\"name\":\"Clarion Partners Sells DC Office Asset for $90M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg\",\"datePublished\":\"2020-11-12T12:12:18+00:00\",\"dateModified\":\"2020-11-12T13:41:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg\",\"width\":1000,\"height\":800,\"caption\":\"3150 Fairview Park Drive\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Clarion Partners Sells DC Office Asset for $90M\"}]},{\"@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\/caac04e9f88552f7c898ba456c2498d8\",\"name\":\"Pavel Cazacu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g\",\"caption\":\"Pavel Cazacu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Clarion Partners Sells DC Office Asset for $90M - 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\/clarion-partners-sells-dc-office-asset-for-90m\/","og_locale":"en_US","og_type":"article","og_title":"Clarion Partners Sells DC Office Asset for $90M","og_description":"Built in 2001, the Class A building in Falls Church, Va., underwent a major renovation last year.","og_url":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-11-12T12:12:18+00:00","article_modified_time":"2020-11-12T13:41:10+00:00","og_image":[{"width":1000,"height":800,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg","type":"image\/jpeg"}],"author":"Pavel Cazacu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/","url":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/","name":"Clarion Partners Sells DC Office Asset for $90M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg","datePublished":"2020-11-12T12:12:18+00:00","dateModified":"2020-11-12T13:41:10+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg","width":1000,"height":800,"caption":"3150 Fairview Park Drive"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/clarion-partners-sells-dc-office-asset-for-90m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Clarion Partners Sells DC Office Asset for $90M"}]},{"@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\/caac04e9f88552f7c898ba456c2498d8","name":"Pavel Cazacu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cfe15077847fbaee2c7c211aa5d8fdc4e9058639443e74d746adb526019b7c0f?s=96&d=mm&r=g","caption":"Pavel Cazacu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/pavelc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/11\/3150-Fairview-Park-Drive.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004492254","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\/867"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004492254"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004492254\/revisions"}],"predecessor-version":[{"id":1004492446,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004492254\/revisions\/1004492446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004492350"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004492254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004492254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004492254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}