St. John Properties Buys Three Office/Flex Buildings in Virginia for $11.7M

STERLING, VA. — St. John Properties Inc. has acquired three office/flex buildings spanning 125,000 square feet for approximately $11.7 million. The properties are located at 21660, 21670 and 21680 Ridgetop Circle in the Loudoun Tech Center in Sterling, roughly eight miles northwest of Reston, Va. The properties were 36 percent leased at the time of sale. Steve Gichner and Eric Berkman of Cushman & Wakefield represented the undisclosed seller in the transaction. St. John Properties plans to make capital improvements to the properties to improve occupancy.