Korth Cos. buys four-building office center in Manassas
Korth Cos. Inc., a commercial interior construction and remodeling firm, has purchased the Sudley North Business Center, a four-building office center in Manassas, for an undisclosed price.
Newmark Grubb Knight Frank announced Monday that it completed the sale of the property. Executive Managing Director Larry FitzGerald and Associate Director Cole Spalding of NGKF provided advisory services and facilitated the sale on behalf of an institutional landlord to Korth, based out of Gaithersburg, Md.
Korth retained NGKF to negotiate the leasing for the 31,457 square-feet of office space currently available.
“Sudley North Business Center is a well located, Class-B office complex with easy access to I-66, the Rt. 234 bypass and retail in one of the fastest growing suburbs in Virginia,” FitzGerald said in a statement.
The center, located at 7699 Ashton Ave., is comprised of three one-story buildings and one two-story building for a total of 120,764 square feet.
Situated within Prince William County on 11.5 acres, the property provides a campus-style setting with surface parking. It’s surrounded by commercial and residential developments and is within walking distance to one of the largest power retail centers in the county, Bull Run Plaza. The center has more than 40 retailers.