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  • CBRE Announces Sale of Chantilly’s Washington Technology Park I & II for $52.5 Million

CBRE Announces Sale of Chantilly’s Washington Technology Park I & II for $52.5 Million

January 21, 2016
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Class A offices adjacent to top government security agencies

Washington, D.C. – January 20, 2016 – CBRE, Inc. announced it represented ownership in the sale of Washington Technology Park I & II at 15000 and 15010 Conference Center Drive in Chantilly, Virginia to UNICOM Global, an integrated technology company. Following sale finalization, the buyer promptly rebranded the property to UNICOM Technology Park I & II, the future regional headquarters of many of its more than 40 corporate entities. With almost 673,000 sq. ft. of office space, these prime assets are part of the larger Westfield Conference Center, which hosts premium amenities, numerous restaurants and a golf course.
 
Building 15010 was constructed in 2005 while Building 1500 underwent a major renovation in 2004 by Corporate Office Properties Trust. Both properties showcase Class A design including a central, multi-story glass atrium lobby; multiple secondary lobbies, private secured entrances for anchor tenants, premium conference rooms and auditoriums and an estimated parking ratio of 3.0 per 1,000 sq. ft.
 
“The property is strategically located in the Northern Virginia epicenter of cyber-security/ intelligence/homeland security and as a result, UNICOM will be able to take advantage of easy accessibility when working with their defense clients,” said Michael Blunt, Senior Vice President, CBRE. “With clients of this magnitude, each asset must be assessed case by case, there is no broad-brush solution for a future office location. The proximity UNICOM now has to their clients and partners is critical.”

Formerly occupied by Fortune 500 companies such as Computer Sciences Corporation (CSC) and Northrup Grumman, current tenants at the Property include Allstate Insurance (S&P rated A- and recently renewed), and Deloitte LLP. In addition, UNICOM Technology Park I & II is the only property within this submarket to host 200,000 sq.ft. at a single site, making it highly desirable to larger scale tenants. The property is also easily accessible from Route 50, I-66 and the Capital Beltway (I-495). Phase II of the Metrorail Silver Line is expected to open in 2020 providing the potential to offer shuttle service to and from UNICOM Technology Park.
 
Michael Blunt, Randall Heilig, Olesya Puente, Isaac Breen-Franklin, Jeffrey Roman and Malcolm Schweiker of CBRE represented the seller.
 
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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