Maryland developer enters Northern Virginia market
The commercial real estate advisory firm Newmark Knight Frank said Minkoff bought five flex/industrial and office buildings in the Avion Business Park in Chantilly for $43.5 million.
The seller was Maguire Hayden Real Estate Co.
Based in Germantown, Maryland, family-owned Minkoff has been in business since 1972. It previously developed office and industrial properties in Montgomery and Prince Georges counties in Maryland.
Its Virginia portfolio includes: office buildings at 14500 Avion Parkway and 14520 Avion Parkway; and flex/industrial buildings at 14700 Avion Parkway, 3635 Concorde Parkway and 3650 Concorde Parkway.
Minkoff is adding a shared conference facility and tenant lounge with a micro-market at 14500 Avion Parkway.