June 1, 2020
HighBrook Investors Awards Lincoln Property Company the Exclusive Leasing and Property Management Assignment at Reston Metro Center
Washington, D.C. — Lincoln Property Company is pleased to announce that they have been awarded the exclusive leasing and property management assignment at Reston Metro Center, located at 12120 Sunrise Valley Drive, by HighBrook Investors.
HighBrook Investors recently purchased the fully vacant building and is in the midst of major renovations that will include best-in-class amenities to attract the wide array of technology tenants in the Reston-Herndon market. 124,046 square feet of premium office space is currently available.
Reston Metro Center is located at the Reston Town Center Metrorail Station and is one of the few fully vacant buildings along the Dulles Toll Road and the only building directly on Metro. Reston Metro Center is proximate to incomparable Toll Road retail and entertainment amenities including Reston Town Center, Halley Rise and world-class hotels. With its location, excellent Toll Road visibility and renovations delivering in early 2021, the leasing team at Lincoln is projecting strong interest in this exciting project.
“Reston Metro Center is one of the few remaining full building availabilities in one of the most dynamic submarkets in the area,” said Stoddie Nibley, Senior Vice President of Leasing at Lincoln Property Company. “We expect to deliver this repositioned project at the same time as Reston Town Center Metro Station, and just ahead of Halley Rise and Reston Gateway, so our timing feels great. The Lincoln team is thrilled to be working with HighBrook Investors on this tremendous opportunity.”
Lincoln Property Company was the advisor to HighBrook Investors during the asset acquisition phase. Lincoln’s leasing team consists of Stoddie Nibley, Eamon McCrann, Gary Cook, and Neil Alt.
ABOUT LINCOLN PROPERTY COMPANY
Lincoln Property Company, founded in 1965, is a Dallas, Texas based global real estate company with offices in more than 450 cities in the United States and ten cities throughout Europe. As a one of the largest privately held, full-service real estate firms in the U.S., it provides real estate investment and acquisition, property management, engineering and facilities management, development, construction management, and brokerage services worldwide. Lincoln Property Company currently has $30 billion in total assets under management and has developed 138 million square feet of office, residential and industrial space. For more information on Lincoln Property Company, please call 202.513.6700 or www.lpcwashingtondc.com
ABOUT HIGHBROOK INVESTORS
HighBrook Investors is a real estate private equity firm which acquires and actively manages property investments in the United States and Europe. Utilizing its collective experience across private, public, domestic, and developed international markets, the HighBrook team specializes in sourcing and identifying unique opportunities for value investing across market cycles. HighBrook purchased its first asset in 2010 and has since raised three fully discretionary commingled funds and two co-investment vehicles.