Galaxy Metro Purchases Cambridge Metro Overlook for $21.5M

November 30, 2015

Cambridge Property Group LLC is pleased to announce on behalf of its client, Galaxy Metro, LLC the purchase of 1760 Old Meadow Road in Tysons Corner, Virginia, a 101,440 square foot office building. The five-story, Class A office building, was purchased from TIAA-CREF, whom was represented by Holiday Fegnolio Fowler. Cambridge has been retained to manage and lease the property, which currently has 53,705 square feet available for lease. As part of the repositioning of the asset, it will receive comprehensive common area upgrades and the property will be renamed "Cambridge Metro Overlook". According to Andrew J. Czekaj, Managing Member of Galaxy Metro LLC, "The acquisition is a value add transaction which will enable ownership to create value through lease-up and repositioning of the asset. We will continue to focus on office assets that have a significant value add component and are within strategic growth oriented sub markets such as Tysons Corner".

Cambridge Property Group LLC is pleased to announce on behalf of its client, Galaxy Metro, LLC the purchase of 1760 Old Meadow Road in Tysons Corner, Virginia, a 101,440 square foot office building.  The five-story, Class A office building, was purchased from TIAA-CREF, whom was represented by Holiday Fegnolio Fowler.  Cambridge has been retained to manage and lease the property, which currently has 53,705 square feet available for lease.    As part of the repositioning of the asset, it will receive comprehensive common area upgrades and the property will be renamed “Cambridge Metro Overlook”.  According to Andrew J. Czekaj, Managing Member of Galaxy Metro LLC, “The acquisition is a value add transaction which will enable ownership to create value through lease-up and repositioning of the asset.  We will continue to focus on office assets that have a significant value add component and are within strategic growth oriented sub markets such as Tysons Corner”.

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