FCP has closed on the disposition of One Dulles Tower to affiliates of Harbor Group International in a $226 million deal. FCP purchased the 403,622 square foot Class A office building located on the Dulles Toll Road in Herndon, VA in October 2015 for $80 million. The asset is located within the Woodland Park master planned development which boasts more than 140,000 square feet of retail, a hotel and 5-acre park. The site is one half mile from both the future Herndon and Innovation Center Silver Line Metro Stations. Amazon Web Services signed a lease this past April to take the entire building.
FCP Sr. Vice President, Erik Weinberg, said, “FCP is thrilled with the exceptional results of the repositioning of this trophy Dulles Corridor tower. 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.”
