HERNDON, VIRGINIA (March 1, 2018) – Harbor Group International, LLC (“HGI”) announced today that affiliates of the Company have acquired One Dulles Tower, a 13-story, 403,622 square foot Class A office tower in Herndon, Virginia for $226 million. The property is 100% leased.
“This is a Class A property with a top tier tenant in an irreplaceable location in the Dulles Technology Corridor,” said T. Richard Litton, Jr., President of HGI. “HGI continues its successful strategy of acquiring single tenant office properties in key markets, such as our recent acquisitions in Cupertino, California.”
The Property has gone through an $11 million state of the art renovation in 2017 which included a new lobby and security entrance, full upgrade to the parking garage, modernization of the elevators, upgrades to the restrooms, and added amenities which include a fitness center and conference center. The property is minutes away from Washington Dulles International Airport and within walking distance of the Metro Line.
Harbor Group International, LLC is a private real estate investment and management firm which controls a portfolio of worldwide assets valued at $7.3 billion. HGI is headquartered in Norfolk, Virginia with offices in New York, Baltimore and Tel Aviv. The company’s real estate holdings include 4.8 million square feet of commercial properties and approximately 30,000 apartment units. For additional information, please visit www.harborgroupint.com.
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