Tag: Finmarc

A portfolio composed of four office buildings in Centreville sold for $39.36 million, the buyer announced Monday.

Located at 5860, 5870, 5875 and 5885 Trinity Parkway, the four buildings have almost 500,000 square feet of Class A commercial office space. Two six-story buildings, 5860 and 5870 Trinity Parkway, have nearly 152,000 square feet each. The other two buildings are three stories and have nearly 93,000 square feet each. The portfolio is called Trinity Centre for the 70-acre master-planned community it’s located in.

The portfolio was 71% leased and occupied at the time of the transaction. It’s home to Carfax’s headquarters and a Parsons office. Contact center and 911 solutions company MicroAutomation also houses its headquarters there, as does the Specialized Carriers & Rigging Association and IT firm TriVir.

Bethesda, Maryland-based Finmarc Management bought the properties from a joint venture between Spear Street Capital and Partners Group. Cushman & Wakefield | Thalhimer represented the seller, and Finmarc Management represented itself. Aaron Rosenfeld from law firm Kelley Drye & Warren provided legal services to Finmarc.

“We believe in the enduring strength of suburban-located commercial real estate properties, especially those located in the Northern Virginia submarket with demand drivers led by the federal government and served by a highly skilled and educated workforce,” Finmarc Principal Neil Markus said in a statement.

Finmarc recently completed another transaction in Northern Virginia, the $60 million sale of a 25.29-acre site at 19886 Ashburn Road in Loudoun County to JK Land Holdings in early August. JK Land Holdings, part of JK Moving Services founder and CEO Chuck Kuhn’s empire, plans to develop a 360,000-square-foot data center on the property, although cybersecurity firm Telos currently leases the site for its headquarters.