Two-Building Herndon Office Park Sells For $114M

An office park near Dulles International Airport has traded hands in a $113.5M deal. 
New York-based Innovatus Capital Partners acquired Dulles Executive Plaza, two office buildings at 13530 and 13560 Dulles Technology Drive totaling 384K SF, JLL announced Tuesday. 
JLL’s Matt Nicholson, Jim Meisel, Andrew Weir and Dave Baker represented the seller, a partnership between affiliates of Lionstone Investments and a fund managed by a subsidiary of Columbia Property Trust. JLL’s Paul Spellman, Rob Carey and Susan Carras worked on behalf of Innovatus to secure acquisition financing. 
The property, renovated in 2019, is 94% leased to Lockheed Martin and Constellis. Its amenities include a conference…

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