June 16, 2026: Silverline, JR Real Estate Acquire Fairfax Office Portfolio For $12.5M (Bisnow)

Two office buildings on either side addressof Fair Oaks Mall, totaling 280K SF, have been sold in a portfolio sale. Silverline Equities, an investment firm founded by WashREIT alum Anthony Chang and local real estate veteran Barry Bass, acquired the Greenwood and Oakwood office properties in Fairfax County along Lee Jackson Memorial Highway for a combined price of $12.5M, or $45 per SF, according to a press release shared first with Bisnow.

Silverline plans to keep the 153K SF Greenwood property at 12015 Lee Jackson Memorial Highway as office space. The Oakwood property was simultaneously sold to Fairfax-based developer JR Real Estate Group, which plans to reposition it as residential. That 130K SF property sits at 11781 Lee Jackson Memorial Highway. Chang told Bisnow in an email that Silverline provided financing for the Oakwood purchase but doesn't have an ownership stake.

Prior to closing the transaction, Silverline executed a 70K SF lease renewal and expansion with the Fairfax County Board of Supervisors and said it will continue to lease the building to office tenants. The building is 60% leased, Chang said. He said Silverline plans to infuse $6M into the property, about half of which will go toward leasing costs. The 1.7M SF Fair Oaks Mall is owned by Olshan Properties, and its anchors include JCPenney and Macy’s.

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Contact Emily Wishingrad at emily.wishingrad@bisnow.com

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