Newmark Grubb Knight Frank (NGKF) completed the sale of Sudley North Business Center in Manassas, VA. Executive Managing Director Larry FitzGerald and Associate Director Cole Spalding of NGKF provided advisory services and facilitated the sale of the property on behalf of an institutional landlord to The Korth Companies, Inc, a commercial interior construction and remodeling firm. NGKF has been retained by The Korth Companies to negotiate the leasing for the 31,457 square-feet of office space currently available.
“Sudley North Business Center is a well located Class-B office complex with easy access to I-66, The Rt. 234 Bypass, and retail in one of the fastest growing suburbs in Virginia. The property provides economic growth opportunities for current and prospective tenants in a very tight submarket,” said FitzGerald.
Sudley North Business Center, located at 7699 Ashton Avenue, 7701, 7698 & 7848 Donegan Drive in Manassas, VA, comprises three one-story buildings and one two-story building for a total of 120,764 square feet, with numerous available suites. Situated within Prince William County on 11.52 acres, the property affords tenants a campus-style setting with ample green space and abundant surface parking.
The property is surrounded by commercial and residential developments and within proximity to several retail amenities along Route 234. Sudley North Business Center is within walking distance to one of the largest power retail centers in the county, Bull Run Plaza. The retail center features more than 40 retailers including Chili’s Bar and Grill, Dick’s Sporting Goods and Office Depot. Manassas Mall, currently undergoing renovations, is less than a mile south of the complex.
About The Korth Companies, Inc.
The Korth Companies, Inc. provides specialized commercial interior construction and remodeling expertise with the full range of commercial, retail and multi-family General Contracting and Construction Management services. The capabilities of The Korth Companies cover the entire construction process, from conception, design development and budgeting to construction and turnkey completion. Clients have a single source for their commercial office, retail, and multi-family residential projects for both base building and tenant fit-up work. Close coordination with architects, engineers and designers allow for easy fast tracking of projects with The Korth Companies acting as the team coordinator. Conflicts can now be a thing of the past.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.