Government Agency Relocating D.C. Offices, Taking Less Space
April 25, 2024
400,000-SF Industrial Project Planned for Silver Spring, Md.
April 25, 2024
The property is comprised of 3922 Pender Drive, with 46,482 sf; 3924 Pender, with 26,508 sf; 3926 Pender, with 54,206 sf, and 3928 Pender, with 43,865 sf.
The building, constructed in 1981, is fully leased to the U.S. Department of State. It sits on a six-acre parcel off Interstate 66, 20 miles west of Washington, D.C.
98.7 percent occupied.
The property is part of the Fair Lakes office complex. The special servicer had taken the nine-building property, which includes Argon Plaza, in 2016 through a deed-in-lieu of foreclosure. The Fair Lakes property serves as collateral for $259 million of ...
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