ROSSLYN, VA—A source has told GlobeSt.com that Clover Management Corp.'s Rosslyn Metro Center has a buyer – Tishman Speyer. The company has agreed to acquire the 407,364-square foot property for $175 million, or $434 per square foot.

Tishman Speyer declined to comment to GlobeSt.com. We were unable to contact Clover Management, which is located in McLean, VA, for comment.

The deal also includes the development rights to an additional 270,000 square feet of space adjacent to the site, the source tells us.

The 22-story building, located at 1700 Moore St., is about 87% occupied, which a few years ago might have seem to be a surprisingly low ratio. However the submarket is experiencing an unusual period of market vacancy, due to the ongoing impact of the Base Realignment and Closure Act and recent new supply that delivered into the market, such as 1812 N. Moore, which is still largely vacant a year after delivery. Meanwhile other projects are moving forward such as The JBG Cos. two-building Central Place project.

The LP that owned the building, Rosslyn Center Associates, tapped the then Cassidy Turley to market the property last November.

All that said, there has been some activity at Rosslyn Center: in the beginning of March J Street Cos.  signed Innovative Discovery to take a 11,555 square foot lease renewal and expansion at the building. J Street's George Voris represented the landlord in the transaction and Furman Wood of Commercial Property Professionals of Atlanta and Westy Kent of Kent Commercial represented the tenant.