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REGARDING LEASING,
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Innovation Business Center
Manassas, VA 20110

Acquired

5/7/2008

Location

IBC is located near the intersection of Route 28 and Prince William Parkway, which connects to Interstates 66 and 95. The property is part of the 1,500-acre Innovation@Prince William Technology Park, a technology and life sciences park that was master-planned by Prince William County in partnership with George Mason University in 1988. The park has since attracted over $500 million of investment and created over 2,000 jobs.

Description

Innovation Business Center (IBC) is a three-building, Class A flex property totaling 125,000 SF. Completed in the summer of 2006, these tilt-up flex buildings feature 18 foot clear heights, are 80-100 feet deep, and offer dock-high loading capability. This is an 80/20 joint venture recapitalization with the original developer of the property, Buchanan Partners, a leader in real estate development, management and investment in the Mid-Atlantic region for over thirty years.

Investment Rationale

Class A property built in 2006 and 77% leased at acquisition
Opportunity to add value through lease up
Quality local partner in Buchanan


Fund Ownership

VII

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF