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Real Capital Solutions Buys Tysons Office Portfolio in $57M Receivership Sale
Real Capital Solutions has acquired a two-building, office portfolio in Tysons, Virginia. The $57.1 million acquisition was a court-appointed receivership sale.
“Tysons Pointe represents a rare opportunity to acquire a pair of high-quality, amenitized office assets in one of the D.C. region’s most dynamic and resilient submarkets,” said Marcel Arsenault, Chairman and CEO of Real Capital Solutions.
Tysons Pointe includes 8300 Greensboro Drive and 1600 International Drive, totaling 373,617 rentable square feet. The buildings are 75.25% leased to 28 tenants with a weighted average lease term of 4.8 years. The property is situated across from The Boro, Tysons’ $850 million mixed-use development anchored by the largest Whole Foods on the East Coast.
The buildings feature more than $13 million in capital improvements. 8300 Greensboro Drive is a 12-story tower offering 277,466 square feet, and 1600 International Drive is a four-story building totaling 96,151 square feet and is 92.77% leased.
