Tysons Overlook Changes Hands for $92.5M
ByThe Pentagon Federal Credit Union acquired a trophy office building in suburban Washington, D.C., from Logistics Management Institute.
Tysons, Va.—The Pentagon Federal Credit Union has acquired the condominium interest in Tysons Overlook, a 157,021-square-foot trophy office building in Tysons, Va., fromLogistics Management Institute for $92.5 million. Cushman & Wakefield brokered the deal on behalf of the seller.
“LMI has been in the Tysons area for quite some time. We wanted to remain close to our original corporate home, find a location that insulated us from high-traffic areas, yet ensure that the area was more inviting than a typical corporate office park,” Manik Rath, LMI’s chief legal officer and lead negotiator for the deal, told Commercial Property Executive. “ Every aspect of the building, from the parking lot, to the light-filled grand entrances overlooking a pond, purposefully foments openness and balance.”…
Tysons Overlook Changes Hands for $92.5M
