Premier Acquires 104,000 sf Fairfax Office Building

3701 Pender Drive, Fairfax, Virginia

At the end of March 2021, Premier closed on the acquisition of 3701 Pender Drive, Fairfax, Virginia. The property was 77% occupied at the time of purchase. The 104,000 sf building is very well located just blocks from Routes 50 and 66, and boasts beautiful landscaping, a host of recent improvements, and covered parking. The 12 tenants occupy 77% of the building and include the State of Virginia, NVR, government contractors, software developers, and financial services firms. Premier plans to immediately rebrand and upgrade the property to include a café/lounge and fitness center, as well as adding artwork and spec suites. Management will be provided by Premier Management Services and leasing will be provided by the team of Larry FitzGerald and Cole Spalding with Newmark. New 10 year debt was placed by Community Bank of the Chesapeake. The property will be called Premier Corporate Center.