Winner of NAIOP’s 2013 “Best Building Renovation: Adaptive Re-Use” award, Loudoun III was acquired and repositioned into a medical office building. Its location, accessible from the Dulles Toll Road (Rt 267) and Routes 7, 28, and 15, provides a built-in tenant base for medical providers. It stands directly across from the Inova Loudoun Hospital entrance and near the Howard Hughes Medical Institute. Repositioning efforts have delivered results, both in lowered vacancy and in radical property value growth.