Private real estate investment firm, The Hampshire Companies, announced Friday it has sold a 128,031-square-foot office building in Vienna, Va. to the Navy Federal Credit Union.
According to the announcement, the property, part of a 5-acre independent campus, features a three-story office building that is easily accessible to Washington, D.C., Dunn Loring Metro Station, and Dulles International Airport.
“With its headquarters located across the street, this was the perfect investment for Navy Federal Credit Union to increase its operational efficiencies,” Igor Derbaremdiker, senior investment manager for Hampshire, said in a prepared statement. “The disposition of this asset allowed Hampshire to maximize its profit and achieve objective returns on its investments.”
Scott Frankel and David Ritchey of CBRE Inc., represented Hampshire in the transaction. Financial terms were not disclosed.
ALSO ON NJBIZ:
NJBIZ ranks the Best Places to Work in New Jersey
The Affordable Care Act: Breaking down the numbers in New Jersey and nationally
Bridge that breathes fire helps Morristown company win prestigious award (PHOTOS)