Deka Immobilien GmbH has sold Dulles Metro Center, a Class A office property in suburban Washington, DC, for an undisclosed price. The buyer is a joint venture between Principal Real Estate Investors and The Pinkard Group.

Located at 2325 Dulles Corner Boulevard in Herndon, Virginia, the 11-story, LEED-Gold building is moments away from Dulles International Airport and adjacent to the Hyatt Dulles Hotel. The property benefits from excellent nearby amenities as well as easy access to the Dulles Toll Road and the to-be completed Dulles Metrorail Station. Upon completion, the station will provide a direct link between downtown Washington, DC and the Dulles Airport.

Savills Studley’s US Cross-Border Group, led by Robert Stamm, advised Germany-based Deka in the disposition and represents the investment company exclusively in the United States. Deka has about $25 Billion EUR in real estate assets under management globally.

“We were able to leverage Dulles Metro Center’s intrinsic location and building value and conduct an off-market transaction that was highly satisfactory to all parties,” said Robert Stamm.