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Centerstone at Tysons

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.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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