TYSONS CORNER, VA-Washington Real Estate Investment Trust says it plans to undertake more than $30 million in renovations to its 7900 Westpark Drive building here.

The Rockville, MD-based REIT says work is expected to begin in the fourth quarter on the project that will involve both interior and exterior renovation work, according to the Washington Business Journal. The company meanwhile is wondering whether it might lose its anchor tenant—Sunrise Senior Living. WRIT CEO Skip McKenzie, in the company's fourth-quarter earnings call in February, said Sunrise's long-term plans at 7900 Westpark are unclear. Sunrise signed a short-term lease extension sometime after WRIT closed the books on 2012, he added.

WRIT Senior Vice President Thomas Regnell says, “7900 Westpark Drive's prime location offers high visibility from the Capital Beltway and Route 123, making it an excellent candidate for a renovation of this magnitude.”

He adds, “We believe the Tysons Corner real estate market is a strong, long-term investment, supported by the recent completion of the 459 Express Lanes and anticipated completion of the Silver Line of the Metro, along with the strong amenity base already existent in the submarket.” See story in the Washington Business Journal.

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Major Renovations in Store for Tysons Corner Building

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