Office building in Westfields submarket trades
JLL Capital Markets led the sales efforts for Independence Center II, a fully leased, Class A office building in Chantilly, Virginia
WASHINGTON, D.C. – September 12, 2022 – JLL Capital Markets announced today that it has closed the sale of Independence Center II, a Class A office building totaling 115,563 square feet in Chantilly, Virginia.
JLL marketed the property on behalf of the seller, Tritower Financial Group.
Independence Center II is located at 15040 Conference Center Drive in the cyber-intelligence hub of Westfields. Completed in 2006, the property is fully leased to tenants that have invested significant capital for high-value infrastructure upgrades, including SCIF (Sensitive Compartmented Information Facility) rooms, data centers and backup generators.
The property has excellent accessibility throughout the Washington, D.C. area with quick access to Route 28, Interstate 66, Route 50 and the Dulles Toll Road (Route 267). Additionally, Washington Dulles International Airport is just eight miles from Independence Center, providing multi-modal accessibility on a global scale.
The JLL Capital Markets team representing the seller was led by Jim Meisel, Matt Nicholson, Andrew Weir, Dave Baker and Kevin Byrd.
“The Westfields submarket continues to outperform the broader Northern Virginia office market and that has really resonated with the investment community post-COVID,” Nicholson said. “Independence Center II is a tremendous investment opportunity and will benefit from strong demand for secure, government and government contractor space in a submarket that will remain supply constrained for the foreseeable future.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Tritower Financial Group
Tritower Financial Group, LLC is a private real estate investment and management firm that sources, sponsors and operates single-asset real estate investments. For more information, please visit: tritowerfinancial.com.