Newmark Negotiates $97.5M Sale of Medical Office Campus in Fairfax, Virginia
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- Disclosed office deal value tracked in September 2026: $11.7B across 53 reported transactions. All Office coverage →
- 87 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
FAIRFAX, VA. — Newmark has negotiated the $97.5 million sale of Willow Oaks Medical Campus, a two-building medical office property located at 8260 and 8280 Willow Oaks Corporate Drive in Fairfax, a city in Northern Vi…
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