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Deka Immobilien sold office building in the USA

Deka Immobilien GmbH has sold the Dulles Corner office building in Herndon, VA, located within the Washington D.C. metropolitan area. The buyer is a joint venture between Principal Real Estate Investors and The Pinkard Group. The parties have agreed not to disclose the sales price. The building had been part of the property portfolio of the open-ended real estate fund „Deka-ImmobilienGlobal“ since 2004. The building was built in 2001 and has a total leasable area of around 220,000 ft². The eleven-story office building is located in the „Herndon Office Centre“ sub-segment near Washington Dulles International Airport.The fund made the sale to optimise its portfolio in the US and is focusing on excellent city centre locations in gatew...[…]