Finmarc Management Acquires Office Buildings At 8401 & 8405 Greensboro Drive For $77.5M

Finmarc Management, Inc. acquired a two-building Class A office property, Highline at Greensboro, located at 8401 & 8405 Greensboro Drive in McLean, VA, for $77.5 million. The property encompasses a total of 460,000 square feet and was 70% leased at the time of closing, with projections for full occupancy through strategic leasing efforts.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $77,500,000
• Square Footage: 460,000
• Price per Square Foot: $168
• Buyer: Finmarc Management, Inc.
• Seller: CIM Group
• Brokers: Paul Collins & Kevin Sidney - Cushman & Wakefield

Finmarc Management is focusing on aggressive leasing and asset management to enhance occupancy rates at the property. CIM Group was the selling entity involved in this transaction.