News

With Tysons Sale, Another Piece of Pre-recession CMBS Debt Resolved

May 19, 2017

Westport Capital Partners LLC has bought government consultant LMI’s former Tysons headquarters building for about $24 million, or roughly $83 per square foot – almost 70 percent less than what the building last traded for in 2006.

The Wilton, Connecticut-based Westport has retained Wingate Hughes Architects and plans to spend between $7 million and $10 million on renovations intended to reposition 2000 Corporate Ridge Road for new tenants. Westport was advised by Vienna-based Cambridge on its acquisition of the 1980s-era office building, which was foreclosed on in 2015 and has been mostly vacant since LMI moved to its new headquarters at Tysons Overlook.

The Wilton, Connecticut-based Westport has retained Wingate Hughes Architects and plans to spend between $7 million and $10 million on renovations intended to reposition 2000 Corporate Ridge Road for new tenants. Westport was advised by Vienna-based Cambridge on its acquisition of the 1980s-era office building, which was foreclosed on in 2015 and has been mostly vacant since LMI moved to its new headquarters at Tysons Overlook.

5.17.17: Cambridge Advises Westport Capital Partners LLC in the Acquisition of 2000 Corporate Ridge

May 17, 2017

Tysons, Virginia – Cambridge is pleased to have advised Westport Capital Partners LLC (“Westport”) in the acquisition of 2000 Corporate Ridge, formerly known as Tysons Executive Plaza I, located in Tysons, Virginia. Cambridge has been retained by Westport to handle Asset Management including property management, construction services, leasing consulting and oversight.

Cambridge 2016 Achievements

January 19, 2017

Cambridge 2016 Achievements

VA Charlotte Achieves LEED Silver Healthcare Designation

December 20, 2016

In 2016, the Charlotte VA Health Care Center achieved LEED Silver certification.

Cambridge 2016 Holiday Party

December 7, 2016

2016 Holiday Party

Design-Build Delivers for Charlotte’s Vets

November 11, 2016

Design-build offers both speed and flexibility, which helps control costs in healthcare facility construction, while ensuring the planning takes into account the latest medical technology and equipment. One of the best ways to use this delivery method for good, then must be to provide the highest quality healthcare and health facilities to our nation’s veterans. We reached out to the Department of Veterans’ Affairs (VA) and found more than a few professionals willing to discuss the VA’s use of design build especially on a particularly successful lease project in Charlotte, North Carolina.

HEAVY HITTERS: Spotlight on the Charlotte Region’s Top Real Estate Deals and Developments

October 28, 2016

There’s no shortage of companies and projects that are remaking the Charlotte landscape. The CBJ’s Heavy Hitters Commercial Real Estate Awards program highlights the hard work behind those developments and their contributions to the city’s growing economy.

VA Center Opens Door to Care

October 28, 2016

Construction wrapped this spring on a 295,000-square-foot health-care center in Charlotte that serves veterans.

The U.S. Department of Veterans Affairs opened its outpatient center in April after a 24-month building process. The six-story building sits on 35 acres at West Tyvola Road and Cascade Pointe Boulevard, located near Charlotte Douglas International Airport.

Cambridge Property Group Supports The Living Classrooms “Night at the Yards”

October 27, 2016

Night at The Yards is a benefit in support of the innovative hands-on education and job-training programs provided by Living Classrooms.

2016 Cambridge Fishing Trip

October 19, 2016