Centerstone at Tysons Secures 150K SF Lease

TYSONS—A new 150,000 square foot lease with an undisclosed company has capped off Rubenstein Partners and Griffith Properties’ lease up program for their jointly-owned building, Centerstone at Tysons. The single transaction brought the newly-renovated building to full occupancy.

Rubenstein and Griffith acquired Centerstone at Tysons, located at 1550 Westbranch Dr., in July 2015 in an off-market deal. At the time of the sale of the six-story building, the property was fully-leased to The MITRE Corp., which was expected to relocate. Once it did, the owners launched a capital improvement program on the building. “At the outset of this investment we quickly reached a consensus with Rubenstein that a strategic capital improvement program would result in the best outcome for Centerstone, says Marci Griffith Loeber, managing principal of Griffith in a prepared statement.

Centerstone at Tysons is located near two Metro stations, Dulles Toll Road, and the new Jones Branch Drive interchange with the I-495 express lanes. The property is surrounded by off-site retail, dining, and hotel amenities, including Tysons Corner Center, Tysons Galleria, McLean Hilton, Ritz-Carlton Tysons, Whole Foods, Harris Teeter, a new Wegmans grocery concept, and several esteemed restaurants.