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.

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HEADQUARTERS                   TYSONS CORNER 
8391 Old Courthouse Road
Suite 210
Vienna, VA 22182
Phone: 703.709.8866
Fax: 703.709.0638

GREENBELT
7474 Greenway Center Drive
Suite 140
Greenbelt, MD 20770
Phone: 301.982.3112
Fax: 301.982.5408

WASHINGTON DC
1250 23rd Street, NW
Washington, DC 20037
Phone: 202.857.0328
Fax: 202.857.0266

OLD TOWN ALEXANDRIA
123 N. Pitt Street
Suite 575
Alexandria, VA 22314
Phone: 703.836.3703