HERNDON, VA–Harbor Group International has announced its affiliates have acquired One Dulles Tower for $226 million. The 13-story, 403,622 square foot asset is fully leased.

One Dulles Tower has gone through quite a metamorphosis in the last few years. Federal Capital Partners acquired it in late 2015 for $84 million. Corporate Office Property Trust was the seller in that transaction, having acquired it in 2003 for $71 million. The REIT had been trying to re-tenant it but was having difficulties, most likely because of the strict security procedures to access the building — the property had been fully leased to Booz Allen Hamilton but the security consultant vacated it in a planned move around the time of the purchase. The purchase was a significant one for FCP — it was its largest office deal in the region at that point in time.

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About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With $20 billion1 in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 38 years of experience in the industry and approximately 1,400 employees worldwide, HGI continues to look for real estate investment opportunities.

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Harbor Group International controls $20 billion1 in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.