Hines has acquired the Station Square office complex on behalf of National Office Partners Limited Partnership (NOP), its investment partnership with the California Public Employees' Retirement System (CalPERS), from Moore & Associates, Inc. The three-building, 492,304-square-foot, Class A office complex is located in the metropolitan Washington submarket of Silver Spring, Maryland. Hines also assumed property management and leasing responsibilities.
Station Square was designed by Ward/Hall Associates AIA PLC. The 10, 12 and 14-story buildings are located in the heart of downtown Silver Spring, one block from the Silver Spring Metrorail station, Maryland Commuter Rail (MARC) station, Metrobus and the local Ride-on bus transfer station. Directly across the street is the new 600,000-square-foot headquarters for Discovery Communication and a new 500,000-square-foot town center which features restaurants, a host of national retail tenants, cultural attractions and a Marriott hotel.