Lerner Enterprises Lets Go of Twin-Building Office Complex in Tysons
JLL has closed the sale of and arranged the acquisition financing for 7799 Leesburg Pike, a twin-building office complex totaling 377,717 square feet in the Tysons submarket of Falls Church, VA. The buildings are 36% leased to seven tenants.
Matt Nicholson, Stephen Conley, Jim Meisel, Andrew Weir, Dave Baker and Kevin Byrd of JLL represented the owner, Lerner Enterprises, in the sale. In addition, Drake Greer, Robert Carey and Dan McIntyre of JLL worked on behalf of the buyer to secure a 10-year, fixed-rate acquisition loan through TriState Capital Bank.
The 11-story towers have undergone a $4-million renovation and offer a two-story lobby; tenant-only fitness center; on-site café; tenant-only lounge and outdoor terrace.
7799 Leesburg Pike is at the intersection of the Capital Beltway and Leesburg Pike 16 miles from Dulles International Airport and Reagan Washington National Airport. The area surrounding the property is a live-work-play urban center featuring two malls and over 400 retailers and restaurants.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.