Meridian Group Harrison Street Asset Management HLM Associates Acquire Office Portfolio For $67M In Chantilly
4800 Westfields Boulevard, 4840 Westfields Boulevard, 14150 Newbrook Drive, 14151 Newbrook Drive & 14155 Newbrook Drive
$67,000,000
$31/SF
Building Size
431,000 SF
Asset Type
Office
Closing
Aug 26, 2026
About this deal
AI
The transaction involved the acquisition of a five-building office portfolio located at 4800 Westfields Boulevard, 4840 Westfields Boulevard, 14150 Newbrook Drive, 14151 Newbrook Drive, and 14155 Newbrook Drive in Chantilly, VA. The property encompasses a total of 431,000 square feet and was sold for $67,000,000, resulting in a price per square foot of $155.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $67,000,000
- Sale Date: 08/26/2026
- Address: 4800 Westfields Boulevard, 4840 Westfields Boulevard; 14150 Newbrook Drive & 14151 Newbrook Drive & 14155 Newbrook Drive
- Market: Chantilly, VA
- Square Footage: 431,000
- Price per Square Foot: $155
- Buyer: Meridian Group, Harrison Street Asset Management, HLM Associates
- Seller: Affiliate of The RMR Group
- Broker: James Cassidy - Newmark
The deal was facilitated by James Cassidy, representing Newmark. The acquisition reflects the strategic interests of the buyers, comprising Meridian Group, Harrison Street Asset Management, and HLM Associates, in a market driven by defense and intelligence demand.
Players
Chantilly Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93