Transwestern today announces it brokered the sale of Tysons Pond II, a 67,151-square-foot, free-standing office building located at 1604 Spring Hill Road in Tysons, Virginia, using RealINSIGHT Marketplace. A private investor purchased the 70 percent leased asset for $10 million. Transwestern’s Gerry Trainor, Executive Managing Director of Transwestern’s Mid-Atlantic Capital Markets Group, provided disposition services on behalf of the seller.
“This asset is two blocks from the Spring Hill Metrorail station, providing exceptional access to public transportation, and is proximate to new world-class developments that are transforming Tysons into a city-center,” said Trainor. “The investment provides the user with proximity to Tysons healthy business community and a well-educated workforce in addition to investment upside.”
Tysons is becoming a highly sought-after neighborhood, evidenced by the major developments that are currently underway and in the pipeline. Projects like The View, an iconic, 600-foot skyscraper, will bring luxury accommodations and cultural attractions that add to the community’s desirability. Tysons is already a commercial hub as the 12th-largest employment center in the nation and has a highly educated workforce with 73 percent of the population holding bachelor’s degrees or higher.
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Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 33 U.S. offices and assists clients from more than 219 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.
