Finmarc Management, Inc. recently completed the sale of 8000 Grainger Court, a flex/warehouse building located in Springfield, Virginia. The property was sold to C2 Imaging for $15.9 million and is part of an 11-building portfolio totaling 740,000 square feet that Finmarc acquired from Boston Properties, Inc. in 2022 for $127.5 million.
The buyer was represented by Wendy Feldman Block of Savills while Finmarc handled the transaction internally without representation.
This successful sale marks Finmarc’s second disposition from their VA 95 portfolio which includes single-story and two-story buildings near Fort Belvoir. The new owner, C2 Imaging specializes in corporate branding services as well as print production and exhibition services.
According to principal Neil Markus at Finmarc Management: “This strategic sale aligns with our ongoing plan to divest certain assets within the VA 95 portfolio when favorable market conditions arise.” He also added that they are actively seeking new acquisition opportunities with plans to invest an additional $250 million into real estate assets over the next year and a half.
In related news: Connect CRE reports on another recent success story where Northern Virginia-based company Finmarchas successfully sold one of its properties for a staggering price tag worth $16M.
