Federal Capital Partners acquires office bldg. for $84m

HERNDON, VAFederal Capital Partners (FCP) announced the $84 million acquisition of One Dulles Tower, a 400,000 s/f class A office building prominently located at 13200 Woodland Park Dr. on the Dulles Toll Rd. in Herndon, VA, just two miles east of Dulles Airport.

FCP vice president, Erik Weinberg, said, “One Dulles Tower, which has been 100% leased to Booz Allen Hamilton, will be vacated at the end of the year, providing FCP with the perfect opportunity to renovate and reposition the building. With the largest contiguous block of space on the Toll Road and upgraded amenities, lobby and common areas, One Dulles Tower will be highly competitive in the headquarters office building offerings in the Dulles Corridor.”

“We are thrilled to be working with the team at FCP and are excited to reintroduce One Dulles Tower to the marketplace,” said Cushman & Wakefield executive director, Matt Bundy, who has been selected, along with colleague Josh Masi, to provide leasing services for One Dulles. “The prominence of this asset is simply unmatched. The highly efficient floor plan and amenities that today’s tenants demand are already in place, including conference facilities, fitness center, 4/1,000 covered parking ratio, convenient food service and outdoor collaboration space with water views.”

One Dulles Tower directly faces the Dulles Toll Rd. to the north and overlooks a lake to the south. The building is located within the upscale Woodland Park master planned development, with extraordinary 360-degree views, convenient access to more than 140,000 s/f of retail, a hotel and 5-acre park and is one half mile from both the future Herndon and Innovation Center Silver Line Metro Stations. FCP extends its appreciation to Bill Collins, Paul Collins, James Cassidy, Jud Ryan and Drew Flood of Cushman & Wakefield for their representation of the seller, Corporate Office Properties Trust.

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