{"id":1004702795,"date":"2024-02-19T03:45:52","date_gmt":"2024-02-19T11:45:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004702795"},"modified":"2024-02-19T03:46:30","modified_gmt":"2024-02-19T11:46:30","slug":"finmarc-sells-dc-area-flex-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/","title":{"rendered":"Finmarc Sells DC-Area Flex Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a15f6d341d57&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"772\" height=\"579\" data-attachment-id=\"1004702797\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/8000-grainger-court-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg\" data-orig-size=\"772,579\" 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=\"8000 Grainger Court\" data-image-description=\"&lt;p&gt;The flex building at 8000 Grainger Court in Springfield, Va.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 1983-completed facility features some 64,000 square feet of office and 25,000 square feet of industrial space. Image courtesy of Finmarc Management&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg?w=772\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg\" alt=\"The flex building at 8000 Grainger Court in Springfield, Va.\" class=\"wp-image-1004702797\" style=\"width:350px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg 772w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 772px) 100vw, 772px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 1983-completed facility features some 64,000 square feet of office and 25,000 square feet of industrial space.<em> Image courtesy of Finmarc Management<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Finmarc Management<\/strong> has sold 8000 Grainger Court, an 88,000-square-foot flex\/warehouse facility in Springfield, Va., to <strong>C2 Imaging<\/strong> for $15.9 million. <strong>Savills <\/strong>Executive Managing Director Wendy Feldman Block assisted the buyer. Finmarc had in-house representation, with legal services provided by <strong>Kelley Drye Warren<\/strong> Partner Aaron Rosenfeld.<\/p>\n\n\n\n<p>The new owner, the commercial printing division of <strong>Vomela Cos.<\/strong>, has been <a href=\"https:\/\/www.commercialsearch.com\/news\/finmarc-secures-88-ksf-tenant-at-northern-virginia-campus\/\">fully occupying<\/a> the asset since 2022. The property is part of Virginia 95 Business Park, an 11-building campus totaling about 740,000 square feet of flex\/office, data center and industrial space that traded two years ago for <a href=\"https:\/\/www.commercialsearch.com\/news\/boston-properties-sells-washington-portfolio-for-128m\/\">$127.5 million<\/a>. The 8000 Grainger building sold for $10.5 million, according to CommercialEdge data.<\/p>\n\n\n\n<p>The 1983-completed building comprises about 64,000 square feet of office and 25,000 square feet of industrial space. Features include two stories with 44,475-square-foot floorplates, two passenger elevators and some 190 parking spaces.<\/p>\n\n\n\n<p>Located less than 2 miles from the Saratoga shopping center, the facility provides easy access to Interstate 90 and Fairfax County Parkway. Downtown Springfield is 4 miles away, while downtown Washington, D.C., is 18 miles northeast.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-d-c-s-rocky-industrial-sector\">D.C.\u2019s rocky industrial sector<\/h2>\n\n\n\n<p>According to CommercialEdge information, some 220 facilities traded last year in the Washington, D.C., market for a combined $1.4 billion, a considerable decline from the 332 assets that changed hands in 2022 for $1.9 billion.<\/p>\n\n\n\n<p>In one of last year&#8217;s deals, TF Cornerstone acquired 95 Distribution Center, <a href=\"https:\/\/www.commercialsearch.com\/news\/tf-cornerstone-pays-80m-for-dc-area-industrial-asset\/\">a 486,720-square-foot industrial facility<\/a> in Fredericksburg, Va., for $79.5 million. Blue Vista Capital Management&nbsp;and&nbsp;CSG Partners&nbsp;sold the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property previously traded two years ago for $10.5 million.<\/p>\n","protected":false},"author":3355,"featured_media":1004702797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,11,21742,21747,1615],"tags":[34253,34107,51670],"class_list":["post-1004702795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-finmarc-management-inc","tag-savills","tag-vomela-companies"],"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>Finmarc Sells DC-Area Flex Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Finmarc Management has sold an 88,000-square-foot flex\/warehouse facility in Springfield, Va., to C2 Imaging for $15.9 million.\" \/>\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\/finmarc-sells-dc-area-flex-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finmarc Sells DC-Area Flex Asset\" \/>\n<meta property=\"og:description\" content=\"Finmarc Management has sold an 88,000-square-foot flex\/warehouse facility in Springfield, Va., to C2 Imaging for $15.9 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/\" \/>\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=\"2024-02-19T11:45:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-19T11:46:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"772\" \/>\n\t<meta property=\"og:image:height\" content=\"579\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/finmarc-sells-dc-area-flex-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/\",\"name\":\"Finmarc Sells DC-Area Flex Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg\",\"datePublished\":\"2024-02-19T11:45:52+00:00\",\"dateModified\":\"2024-02-19T11:46:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Finmarc Management has sold an 88,000-square-foot flex\/warehouse facility in Springfield, Va., to C2 Imaging for $15.9 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-sells-dc-area-flex-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/02\/8000-Grainger-Court.jpg\",\"width\":772,\"height\":579,\"caption\":\"The 1983-completed facility features some 64,000 square feet of office and 25,000 square feet of industrial space. 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