Berkshire Hathaway HomeServices PenFed Realty Commercial Division Represents Nova Labs in Purchase of Fairfax Building

ALEXANDRIA, Va., Jan. 7, 2022 /PRNewswire-PRWeb/ -- Associate Broker John Sabo of Berkshire Hathaway HomeServices PenFed Realty closed the sale of 3850 Jermantown Road, Fairfax, Va. Sabo, the director of the company's Commercial Division and founder of The Commercial Team, represented the buyer, Nova Labs, a membership-driven makerspace. The seller was represented by MacKenzie Commercial.

"This is an incredible win for both Nova Labs and the City of Fairfax," Sabo said. "The building and the greater Fairfax area are well appointed to help advance the incredible mission of Nova Labs. And by welcoming the company and extending a relocation grant through Fairfax City's Economic Development Authority, the residents of Fairfax also greatly benefit from access to Nova Labs' services."

The 38,600 square foot freestanding industrial building is located on a 1.9-acre lot in the north-western edge of the Kamp Washington Activity Center. Nova Labs will move into the building in March 2022.

Sabo, with his 25-year industry track record, has consistently placed among the top commercial sales professionals in the company and the Berkshire Hathaway HomeServices brokerage network. He is a graduate of George Mason University's School of Business and is a longtime resident of Fairfax City. The Commercial Team can be reached by phone at (703) 216-8222 and by email at [email protected].

About Berkshire Hathaway HomeServices PenFed Realty

Berkshire Hathaway HomeServices PenFed Realty (http://www.penfedrealty.com) is a full-service real estate company with an annual sales volume of over $8 billion. The company has over 2,000 agents and more than 50 offices, providing complete real estate services nationwide and helping over 20,000 clients with their real estate needs each year. In 2019, the company's Commercial Division was ranked #5 in sales among all Berkshire Hathaway HomeServices' network of brokerages worldwide, then climbed to #3 in 2020. PenFed Realty is a wholly owned subsidiary of PenFed Credit Union and is a member of the Berkshire Hathaway HomeServices brokerage network, operated by HSF Affiliates LLC. We are proud to be an equal employment opportunity employer. Equal Housing Opportunity.

Media Contact

Karmela Lejarde, Berkshire Hathaway HomeServices PenFed Realty, 703-539-1512, [email protected]

SOURCE Berkshire Hathaway HomeServices PenFed Realty