Tysons Executive Plaza I To Get New Life With Repositioning

June 20, 2017
2000 Corporate Ridge Cambridge Commercial Real Estate Property Development Virginia

TYSONS, VA – Westport Capital Partners is planning a major renovation for a Tysons building that an affiliate fund has acquired from a special servicer.

The building, which is located at 2000 Corporate Ridge Rd., traded at a 70% discount to the price the building last sold for in 2006.  The special servicer foreclosed on the property in 2015.

It used to be called Tysons Executive Plaza I, one of the submarket’s older buildings developed in the early 1980s.  In recent years the 10-story, 288,000-square foot property has seen its occupancy drop to below 5% after losing its anchor tenant LMI.

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