Dulles Station East I is a Class-A, six-story office building that is comprised of 186,922 rentable square feet. The property is part of Dulles Station, a larger, mixed-use complex, which includes office space, residential units, two hotels and ancillary retail. The property also includes an eight-story parking deck, a fitness center, loading docks and freight elevators.
Located in the metro Washington, D.C. market, the property provides easy access to the freeway and is under five miles away from Dulles International Airport, and less than an hourlong drive to Downtown D.C.
“A property like Dulles Station East I, with its amenities and proximity to Washington, D.C, is an ideal home for companies within government services,” said Stephen Close, senior vice president for KBS and asset manager for the property. “Adding Four Inc. to our stellar tenant roster and expanding the relationship with Liberty IT Solutions speaks to the quality of the building and its offerings.”
Norman Corkhill of Potomac Real Estate Partners represented Liberty IT Solutions, Wesley Evans of Newmark Knight Frank represented Four, Inc. and Stephen Hoffeditz and Edwin Clark of Newmark Knight Frank represented KBS in the respective deals.
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992. KBS Realty Advisors and its affiliated companies have completed transactional activity of over $36 billion via 16 separate accounts, six commingled funds, five sovereign wealth funds and seven non-traded REITs. For information, visit www.kbs.com.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended including statements relating to KBS’s ability to invest in and manage a diverse portfolio, and the performance of Dulles Station East I and of the Herndon real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS’s and/or Dulles Station East I’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.