Vision Properties Buys Herndon Office with $61M Acquisition Loan
Vision Properties has purchased South Lake at Dulle Corner Business Park, a 270,000-square-foot, Class A office building located in the McNair neighborhood of Herndon, VA. Brad Domenico of commercial real estate advisory firm Progress Capital secured $60.5-million in acquisition financing on behalf of Vision Properties, a Tampa, FL-based commercial real estate firm. Lender Societe Generale ... The post Vision Properties Buys Herndon Office with $61M Acquisition Loan appeared first on Connect CRE.
Vision Properties has purchased South Lake at Dulle Corner Business Park, a 270,000-square-foot, Class A office building located in the McNair neighborhood of Herndon, VA.
Brad Domenico of commercial real estate advisory firm Progress Capital secured $60.5-million in acquisition financing on behalf of Vision Properties, a Tampa, FL-based commercial real estate firm. Lender Societe Generale Corp. provided a loan with terms that include a five-year I/O.
The 10-story property sits at 13820 Sunrise Valley Drive and features waterfront views. Built in 2008-constructed building underwent a full, $42 million renovation in 2020 to customize the site for Amazon’s occupancy. A news fitness center, full-service café, conference facilities, gaming rooms, outdoor dog park, bicycle room and 921-space parking garage with EV charging stations were part of the renovation.
The property is situated at the intersection of Route 28 and the Dulles Toll Road, directly adjacent to Dulles Airport and walkable to the Silver Line Innovation Center Metro station.
The post Vision Properties Buys Herndon Office with $61M Acquisition Loan appeared first on Connect CRE.
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