US real estate investor Finmarc Management has acquired a 620,000sqft office portfolio for $51m (€49.6m).
Finmarc said it has bought Dulles Corner, a four-building portfolio located at the intersection of the VA Route 267 Dulles Toll Road and VA Route 28, overlooking Dulles International Airport and anchored by aerospace, defence and high-tech companies.
The buildings comprise 2411 Dulles Corner Park, 13880 Dulles Corner Lane, 2355 Dulles Corner Boulevard and 13825 Sunrise Valley Drive.
The latest deal lifts Finmarc’s 2024 transactional volume to approximately $210m, covering nearly 1.7m sqft of commercial office and retail, industrial and data centre land.
Neil Markus, principal at Finmarc, said: “We intend to remain aggressive in our pursuit of emerging institutional-quality, underperforming, and value-add assets in the coming year, backed by ready capital and a strong track record of certainty to close, which positions us as a preferred and proven counterparty to sellers of real estate assets.
“Our primary investment focus is the Mid-Atlantic, Northeast, and Southeast portions of the US, but we will consider additional areas supported by a healthy economy and a growing population and labour market.”
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