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Report: Faifax County, Va., business complex sold for $142M

An affiliate of NGP, which was formerly known as National Government Properties, paid $142 million for the nine-building Gunston Commerce Center in Fairfax County, Va., the Washington Business Journal reported, citing sources familiar with the transaction.

The 600,000-square-foot complex contains industrial and flex buildings and is more than 90% leased to government contractors and federal agencies.

The property's tenants include Lockheed Martin Corp., Northrop Grumman Corp., the General Services Administration and the Department of Defense, according to the Jan. 10 report.