Innovatus Capital Partners, LLC acquires Lakeview East and West in Ashburn, Virginia

- Property Located in Suburban Washington, D.C. as Area Propelled by Growth of Technology Industries -

- Purchase Marks the Eleventh Property Investment by Innovatus Capital Partners, LLC -

(February 7, 2020), Washington, D.C. — Innovatus Capital Partners, LLC (“Innovatus”) is pleased to announce that they have acquired Lakeview East and West located at 20130 and 20135 Lakeview Center Plaza in Ashburn, Virginia. Formerly owned by Newmark Knight Frank in a joint venture between The Brookdale Group and MRP, the two office buildings were purchased for $46.5 million by Innovatus earlier this year. Together, both Class A properties total 204,129 square feet. Lincoln Property Company has been retained to lease and manage the properties.

Lakeview East and West are both approximately 93% leased and boast nine-foot finished ceilings, highly-efficient and virtually column-free floor plates, a high-end fitness center, and are positioned along an exceptional lakefront setting. Located immediately off Route 7 and Loudoun County Parkway, it is well-located amidst a growing, walkable retail amenity base and is only minutes away from One Loudoun town center and Dulles International Airport. “We are thrilled to be continuing this leasing assignment and adding our property management services under new ownership too,” said Brandon Ernst, Senior Executive Vice President of Lincoln Property Company. “Loudoun County has so much to offer…between the increased interest within the technology, cyber security and defense sectors and the incredible access to Dulles Airport and the Toll Road, it’s easy to see why we’re almost leased up in both buildings.”

“The purchase aligns with our strategy to invest in U.S. commercial office properties located in strong U.S. growth markets across the U.S.”, said Bradley Seiden, Managing Director at Innovatus. “We look forward to continuing our relationship with Lincoln and becoming part of the growing greater DC region”. “This sale marks the ninth (9th) U.S. transaction that Lincoln has completed with Innovatus in just 22 months.” said Lincoln Property Company Senior Vice President of Acquisitions, Scott Barbee. “We look forward to continuing our work with Innovatus and driving economic success in their targeted markets.”

About Innovatus Capital Partners, LLC

Rockwell Medical is a biopharmaceutical company dedicated to transforming anemia management in a wide variety of therapeutic areas and across the globe, improving the lives of very sick patients. The Company’s initial focus is the treatment of anemia in end-stage renal disease (ESRD). Rockwell Medical's exclusive renal drug therapy, Triferic (ferric pyrophosphate citrate), is the only FDA-approved therapeutic indicated for iron replacement and maintenance of hemoglobin in hemodialysis patients. The Company has developed multiple formulations of Triferic (1) FDA-approved Dialysate Triferic, and (2) I.V. Triferic, for which the Company filed a New Drug Application in May 2019. Rockwell Medical is also an established manufacturer, supplier and leader in delivering high-quality hemodialysis concentrates/dialysates to dialysis providers and distributors in the U.S. and abroad.

About Lincoln Property Company

Lincoln Property Company, founded in 1965, is a Dallas, Texas based global real estate company with offices in more than 450 cities in the United States and ten cities throughout Europe. As a one of the largest privately held, full-service real estate firms in the U.S., it provides real estate investment and acquisition, property management, engineering and facilities management, development, construction management, and brokerage services worldwide. Lincoln Property Company currently has $30 billion in total assets under management and has developed 138 million square feet of office, residential and industrial space. For more For more information on Lincoln Property Company, please call 202.513.6700 or information on Lincoln Property Company, please call 202.513.6700 or www.lpcwashingtondc.com.

CONTACT

Erin Goonan
703.284.7441
E: egoonan@lpc.com