Menlo Equities has acquired 5155 Parkstone Drive, a 75,838-square-foot office building located in Westfields Corporate Center in Chantilly, Virginia.
The Class A building is currently 100% allot to the federal services arm of Accenture, which handles several major government contracts out of the building.
The property is located just a half-mile from the Central Intelligence Agency and the headquarters of the National Reconnaissance Office.
Other nearby properties include a Wegmans-anchored, 190,000-square-foot, mixed-use project; and The Preserve at Westfields, which features 20,000 square feet of retail, 155 townhomes, and 650 apartment units.
Newmark Executive Managing Directors Jud Ryan and James Cassidy represented the seller in the deal.
Ryan stated that Westfields owns one of the hottest business parks in the region, driven by rising demand from the defense agencies located nearby. It’s business as usual for holders in this market as they continue to perform renovations and extensions.