Posted on: 19/09/2019

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of two-buildings comprised of approximately 190,000 square feet of office and research and development space, that currently serves as the global headquarters for Telos Corporation, for $26.125 million. The project consists of a three-story commercial office building offering just over 110,000 square feet of space and a nearly 80,000 square foot single-story industrial/R&D structure that are located on an approximate 26-acre site on Ashburn Road in the Ashburn section of Northern Virginia. The seller, was represented by Andrew Weir, Bruce Strasburg and James Meisel of HFF.

Telos Corporation is engaged in the cybersecurity industry that, together with its various subsidiaries, provides information technology solutions and services to the military, intelligence and civilian agencies of the federal government and NATO allies. More than 500 employees work for the organization which was founded in 1987 and is recognized as a Cybersecurity 500 company. Telos has occupied the facility since 1988 and completed a major property renovation program in 2015.    

Situated at the intersection of Ashburn Road and Leesburg Pike (VA Route 7), the warehouse/research and development component of the portfolio is equipped with 18-20 square foot ceiling heights, four dock-high and two drive-in loading doors. A large surface parking lot surrounds both buildings.

“We successfully acquired this asset significantly below replacement value and, with a stable and creditworthy single-use tenant in place with a long-term lease, are confident about the strong upside potential of this property,” explained David B. Fink, Principal of Finmarc Management. “Given the recent $5 million capital expenditure for extensive upgrades at both buildings, no additional investment is needed in the near-term. Our team is extremely familiar with the Northern Virginia commercial office marketplace and believe multiple drivers remains in place, including the presence of a strong defense technology community, high-skilled employment force and proximity to a modern highway network to assure the continued viability and momentum of this region.”

With its placement adjacent to Leesburg Pike in Loudoun County, the properties are positioned eight miles from Dulles International Airport and 30 miles from downtown Washington, D.C. and within close to numerous amenities including Belmont Chase Center, Ashbrook Commons, One Loudoun and Lansdowne Town Center.

Loudoun County is considered among the fastest-growing counties in the region and features an average household income approaching $175,000 and an employment base of nearly 230,000 workers. Amazon’s decision to locate HQ2 in nearby National Landing is expected to add nearly 40,000 high-paying jobs into the region over the next 15 years and further stimulate the entire region.      

Defense spending by the United States is expected to grow by nearly 7% through next year and 4.3% through 2023, with this trend positively impacting defense technology services firms such as Telos. Northern Virginia features the largest concentration of data center space in the world with nearly 5 million square feet of space which provides mission-critical services to the cybersecurity and data security industries.  

Metropolis Capital Advisors’ Cliff Mendelson and Al Missirlian arranged financing for Finmarc, and Kelley Drye & Warren’s Joseph Hoffman and Aaron Rosenfeld provided legal representation.

Finmarc Management, Inc. is a fully-integrated commercial real estate company that focuses on the real estate investment, management, leasing and development of retail, industrial/flex projects, and office buildings throughout the Mid-Atlantic region. The firm presently owns and manages a diverse portfolio of more than 100 properties encompassing more than six million square feet of space situated in Maryland, Washington, D.C., Virginia, Delaware, and Pennsylvania. For additional information, visit