FCP announces sale of 1 Dulles in Herndon, VA for $226.0 Million
Herndon, VA —FCPSM announced the sale of One Dulles Tower to affiliates of Harbor Group International, LLC for $226.0 million. FCP purchased the 403,622 s/f class A office building prominently located on the Dulles Toll Road in Herndon, VA in October 2015 and completed an extensive renovation following the planned move out of the prior single tenant occupant. In early 2017, FCP signed a lease for a full-building tenant.FCP sr. vice president, Erik Weinberg, said, “FCP is thrilled with the exceptional results of the repositioning of this trophy Dulles Corridor tower.” He continued, “One Dulles is an excellent example of the type of commercial office property in which we like to invest and, with fund capital available to us, we will continue to seek opportunities like this one in the Dulles Corridor and other strong submarkets throughout the Washington, DC region and the East Coast.” One Dulles Tower 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, Drew Flood, Eric Berkman, and Shaun Weinberg of Cushman & Wakefield for their representation of FCP in the sale of the building.