TYSONS CORNER, VA-Transwestern's Institutional Commercial Group reports it has been named exclusive sales agent for the Tysons East Metro Portfolio here.
The portfolio, located at 1755, 1761, 1764, 1764-A and 1768 Old Meadow Road in Tysons Corner, consists of five contiguous commercial buildings that can be redeveloped into more than 1.75 million FAR (floor area ratio) square feet of residential space, the brokerage firm states.
The complex is located on more than 17 acres of land and is currently 98% leased to six major corporate users with an average lease term remaining of more than eight years. The current NOI exceeds $10 million and the property is being offered free and clear of debt, Transwestern officials state.
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