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OFP Attorneys Serve as Local Counsel in $100 million real estate sale

June 7, 2021 by

amber burke
Attorney Amber Burke
Sara V. Mariska
Attorney Sara Mariska
Ellen Sharpe Headshot
Attorney Ellen Sharpe

OFP Attorneys Amber Burke, Sara Mariska and Ellen Sharpe recently served as local zoning and transactional counsel to Innovatus Capital Partners in their $113.5 million acquisition of Dulles Executive Plaza, which houses Lockheed Martin Corp. and Constellis LLC.

The 384,336-square-foot office complex, located at 13530 and 13560 Dulles Technology Drive in Herndon, was built in 2001 by prior owners Lionstone Investments of Houston, TX, and a conglomerate of funds advised by Columbia Real Estate Management, a subsidiary of New York’s Columbia Property Trust.

Dulles Executive Plaza has been home to Lockheed for the past two decades. It also houses the defense giant’s 24/7 space systems division operations center and has leased half the space through 2024. Constellis, a private security company, has been in the space since 2019.  Overall, the buildings are 94% leased.

Disclaimer: The information contained herein is provided for informational purposes only and should not be construed as legal advice on any subject matter. This information contained herein is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice. Any information contained in this article is not intended to be a substitute for legal counsel. No one should act or refrain from acting on the basis of any content included in this article but should instead seek the appropriate legal advice on the particular facts and circumstances at issue from a properly licensed attorney. The author expressly disclaims all liability in respect to actions taken or not taken based on any of the contents of this article. This article contains general information and may not reflect current legal developments.

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