Fairbridge Properties, a privately held real estate investment company, has purchased Ridgetop II and Ridgetop III in Sterling.
The two buildings, totaling 151,481 square feet of Class-A office space, are 86 percent leased, occupied by Neustar, the Loudoun County government and Constellation Software Inc. There is 21,487 square feet of available space in Ridgetop II, which Fairbridge is planning to upgrade and re-tenant in the near future.
“These buildings are a perfect fit for our growing portfolio,” said Dr. Dmitry Gordeev, Fairbridge Properties’ founder and managing partner. “This part of the country is an economic powerhouse. We anticipate that Ridgetop II and Ridgetop III will provide us with continued growth, stable income and asset appreciation.”