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Posted: January 12, 2015
Savills Studley advised Deka in disposition of suburban DC property
Deka Immobilien GmbH has sold Dulles Metro Center, a class A office property, for an undisclosed price. The buyer is a joint venture between Principal Real Estate Investors and The Pinkard Group.
Located at 2325 Dulles Corner Bldv., the 11-story, LEED-Gold building is near the Dulles International Airport and adjacent to the Hyatt Dulles Hotel.
Savills Studley's US Cross-Border Group, led by Robert Stamm, advised Germany-based Deka in the disposition and represents the investment company exclusively in the United States. Deka has about $25 Billion EUR in real estate assets under management globally.
"We were able to leverage Dulles Metro Center's intrinsic location and building value and conduct an off-market transaction that was highly satisfactory to all parties," said Robert Stamm.
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