Newmark brokers sale, financing of Monument III office building for about $28 million

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  • Newmark arranged the sale of the Monument III Class A office building in Herndon, Virginia, with Crown Properties acquiring the asset from Santander Bank for about USD 28 million.
  • Acquisition financing was secured for Crown Properties as part of the transaction.
  • Crown Properties awarded Newmark the exclusive leasing assignment for the building.
  • Ownership plans a seven-figure capital improvement program, with amenity upgrades slated for delivery in Q3 2026.
  • The building’s anchor tenant, Serco, extended a 58,977-square-foot lease at closing.


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