Piedmont Buys Virginia Office for $53M — Double Its 2024 Sale Price
The 189,000-square-foot property is now 83 percent leased
By Greg Cornfield September 15, 2026 4:45 pm
reprints
A joint venture has unloaded an office building in Northern Virginia for nearly twice what it paid to acquire the property just two years ago in the depths of post-pandemic distress.
The venture involving FarmView Ventures, GreenBarn Investment Group and Rithm Capital sold the 189,000-square-foot, Class A office at 4075 Wilson Boulevard in Arlington, Va., for $52.7 million. The JV acquired the asset for $27.6 million in September 2024, property records show, and then completed about $6 million in renovations, as well as filled the retail space and closed 10 office leases.
The building is approximately 83 percent leased and has 5.5 years of weighted-average lease term. The occupancy rate was reportedly 52 percent at the time of the 2024 sale.
“This represents the first ‘round trip’ institutional sale of an office building in the region post-COVID market reset,” FarmView Ventures CEO John Wolf said in a social media post.
Piedmont Realty Trust acquired the Wilson Boulevard asset in Arlington’s Ballston submarket, according to a Securities & Exchange Commission (SEC) filing. Tenants include defense contractor Systems Planning & Analysis, cybersecurity firm KnowBe4 and software company Nalej, while energy firm Argan moved its headquarters to the building last year. Ground-floor retail tenants include Sweetgreen, Van Leeuwen Ice Cream, Grazie Nonna and Pinnacle Bank.
“The Ballston submarket continues to serve as a hub for defense and cybersecurity tenants,” the SEC filing read. “4075 Wilson is two blocks from the Defense Advanced Research Projects Agency and Office of Naval Research.”
Piedmont has a growing Ballston portfolio, including nearby office properties 3100 Clarendon Boulevard, 4250 North Fairfax Drive, and Arlington Gateway at 901 North Glebe Road. Wolf said the Atlanta-based real estate investment trust owns nearly 25 percent of the submarket.
“As operators they recognized the leasing fundamentals were not connected with the capital market headlines and pricing discussions,” Wolf noted in his post.
Gregory Cornfield can be reached at gcornfield@commercialobserver.com.
