FBI screening center sells for $93.5 million

A joint venture including Bethesda’s Goldstar Group has sold a Vienna complex housing the FBI’s Terrorist Screening Center for $93.5 million, or about $415.50 per square foot, to a pension fund managed by California-based GI Partners, according to sources familiar with the deal.

The property at 801 Follin Lane, also known as Liberty Park at Tysons, includes the FBI’s 190,000-square-foot screening center and a 35,000-square-foot warehouse leased by the Navy Federal Credit Union, according to a news release issued by Goldstar and partner Pearlmark Real Estate Partners LLC. The sellers did not disclose the sale price, tenant or buyer in their release.

Eastdil Secured LLC brokers Collins Ege, John Kevill, Nick Seidenberg and Sean McDermott brokered the deal on behalf of Goldstar and Pearlmark. The site off Chain Bridge Road also includes the potential for an additional 200,000-square-foot building provided the credit union’s warehouse were demolished to make way for the new structure.

The complex was developed in the early 1970s but was completely renovated in 2010 for the FBI. Goldstar has been retained to handle property management at the site.

The property made headlines over the summer when a group of Vienna residents complained about air conditioning noise coming from the FBI complex. The General Services Administration, which handles the federal government’s leasing needs, agreed to step in and work with Pearlmark and Goldstar to reduce the noise being generated from the air conditioners.

Originally published on bizjournals.com