Ridgetop II and Ridgetop III were built in 2001 and 2008, respectively. They feature large contiguous floor plates along with a high parking ratio — 5.5 per 1,000 square feet for Ridgetop II and 4.3 for Ridgetop III. Ridgetop III, which is home to Neustar’s global headquarters, is LEED certified. The space features an elegant lobby with marble accents, a high-end cafeteria adjacent to the lobby, and state-of-the-art fitness center.
The properties’ tenants enjoy immediate access to countless retail amenities, including Waterview Plaza, a restaurant center within walking distance of the properties, and Dulles Town Center, a super-regional mall within one-and-a-half miles of the properties.
The portfolio is well situated in Northern Virginia, approximately 27 miles west of downtown Washington D.C., and only six miles north of Dulles Toll Road and Washington Dulles International Airport. The buildings provide tenants with outstanding access to the greater Washington DC metro area via major highways and freeways.
In the near future, tenants will also have public metro transportation service via the future Route 606 metro station, part of the Silver Line Metrorail, a 23-mile extension from East Falls Church to Washington Dulles International Airport. Phase I of the Silver Line is already operational and attracting new tenants to the Northern Virginia office market. Phase II, poised to become operational by 2019, will continue to transform the office market, positioning the region for continued expansion.
“These buildings are a perfect fit for our growing portfolio,” said Dr. Dmitry Gordeev, Fairbridge Properties’ founder and managing partner. “Ridgetop II and III are ideally situated in a top-performing submarket with a rapidly growing population and access to a highly educated work force.”
Loudoun County was ranked the second fastest growing county in the U.S. in 2014. Since 2000, Loudoun County’s population has more than doubled in size, and is projected to grow another 11 percent over the next four years. The county’s job market has also exploded; in 2015 Loudoun County enjoyed the third-fastest rate of employment growth in the nation at 6.3 percent. It is also home to one of the most educated workforces in the country. Fifty-eight percent of the county’s population holds a bachelor’s degree or higher, far exceeding the national average of 28 percent.
Housing 192,000 employees in over 9,500 businesses, the county serves as a hub for information technology companies, the health care sector, as well as private and government contractors. The headquarters for Verizon, Raytheon Company, Orbital ATK, Inc. and United Airlines are located in Loudoun County. Additional major employers in the county include the U.S. Department of Homeland Security, Federal Express, US Airways Express and the public sector.
Loudoun County is also part of the renowned Dulles Technology Corridor, which contains the most sophisticated telecommunications infrastructure in the world. As much as 70 percent of the world’s internet traffic passes through this technology corridor, where many state-of-the-art data centers are housed.
“This part of the country is an economic powerhouse,” Gordeev said. “We anticipate that Ridgetop II and Ridgetop III will provide us with continued growth, stable income and asset appreciation.”
Fairbridge Properties was founded in 2013 by Dmitry Gordeev. Headquartered in Skillman, N.J., Fairbridge acquires, develops and manages commercial properties in the average asset class range of 20 to 50 million dollars.
Well-known for its in-house asset management expertise and responsiveness to investors’ needs, the company holds a superior track record in acquiring premium central business district (CBD) office buildings, suburban office centers and flex/R&D projects. The tenants in these buildings are primarily Fortune 1000 companies.
Fairbridge’s main goal is to generate, maximize and preserve value for its investors. With this goal in mind, Fairbridge is cost-effective, but at the same time, agile in order to seize marketplace opportunities. The company is strategically positioned to purchase properties below replacement cost in stable yet growing markets with tenants that possess top credit ratings. Through skillful property and asset management, efficient operation and abundant access to capital, the company has consistently maximized profitability for its investors. For more information, visit www.fairbridgeproperties.com.