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Rosslyn Office Building Sold for $100M+ Loss

The Xerox building at 1616 N. Fort Myer Drive in Rosslyn, Virginia, was sold for $25 million, reported on Washington Business Journal. The buyer, an affiliate of Dreyfuss Holdings, acquired the property. TIAA paid $145 million for the 19-story office building in 2011. 

The property, once known as the Rosslyn Overlook, was originally developed by the Gould family in 1974 and was later sold to Beacon Capital Partners in 2007. TIAA and Nuveen filed plans in 2021 for a mixed-use redevelopment, including a 691-unit apartment building, but the site plan is currently on hold. Dreyfuss is now evaluating options for the property. 

“It’s a great asset to hold long term,” said J.R. Schuble, Dreyfuss president. “We think Rosslyn has a lot of potential.” 


Inside The Story

J.R. Schuble

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Sale/Acquisition