Pulte Homes Acquires Office Building At 13990 Parkeast Circle In Chantilly For $26.36M

The property asset involved in the transaction is located at 13990 Parkeast Circle, Chantilly, Virginia. The property consists of an 83,300-square-foot flex/office building situated on a 6.4-acre parcel and was sold for $26,360,000, equating to a price per square foot of $316.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,360,000
• Address: 13990 Parkeast Circle
• Market: Chantilly, VA
• Asset Size: 6.4 acres
• Square Footage: 83,300
• Price per Square Foot: $316
• Buyer: Pulte Homes
• Seller: Finmarc Management, Inc.
• Broker Representatives: Paul Norman, Jr & Brendan May - Cushman & Wakefield

Pulte Homes plans to redevelop the approximately 14-acre site into a residential community featuring 183 homes, including townhomes and condominium flats, with 25 units designated for affordable and workforce housing. Finmarc Management, Inc. retains ownership of the remaining two flex/office buildings at Park East Corporate Center.