February 13, 2018
Tysons, VA – Transwestern today announces it brokered the disposition of a 1.8-acre parcel at 8590 Leesburg Pike near the Spring Hill Metro Station on the Silver Line in Tysons, Virginia. The land is an integral part of The View, a planned 3 million-square-foot, mixed-use development in Tysons’ Arts and Entertainment District. Tysons Development LLC, a joint venture between a Northern Virginia-based developer and an international capital partner, purchased the land for an undisclosed price from BP Realty LP. Transwestern’s Mid-Atlantic Capital Markets Group represented BP Realty in the transaction.
“The sale of this land to Tysons Development is the first piece of The View, a very exciting new project in Tysons,” said Gerry Trainor, Executive Managing Director of Transwestern’s Mid-Atlantic Capital Markets Group. “The View will be another piece of the puzzle turning Tysons into a walkable, green, 24/7 new city in accordance with Fairfax County’s goals and objectives laid out in the Tysons Comprehensive Plan.”
Transwestern’s Mid-Atlantic Capital Markets Group focuses on investment services throughout the Washington, D.C., region, providing clients with exceptional service and market knowledge. During the past 24 months, the group’s transactions have exceeded $1.8 billion in aggregate value. The team’s success is a direct result of detailed underwriting and keen understanding of the local, national and international investment communities. For more information, visit the Mid-Atlantic Capital Markets Group webpage.
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, Tenant Advisory, Capital Markets, Asset Services 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. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.
ABOUT TYSONS DEVELOPMENT LLC
Tysons Development is a joint venture between Northern Virginia-based developer Clemente Development Co. and international development partner Khaled Juffali Co., both of which are self-funded, family-owned real estate ventures headed by C. Daniel Clemente and Khaled A. Juffali, respectively. Khaled Juffali Co. is an equity investor in and director of the Prince Sultan Cultural Center in Jeddah, Saudi Arabia, and the chairman and largest investor in the London-based AGC Equity Partners Holding Ltd. Over the past seven years, the firm has acquired approximately 7 million square feet of properties including the Citigroup Tower London; Astir Palace Resort in Athens, Greece; Vodafone Campus in Dusseldorf, Germany; and Quantum Park in Ashburn, Virginia. Juffali is an owner of the Four Seasons Hotel in Boston; an investor in the new Four Seasons Dalton in Boston; and a limited partner in the Four Seasons – New Orleans.