Portfolio

7799 Leesburg Pike

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Net
Land Area Net ()
Occupancy 36.0 %
Call for Offers 2022-03-15

Portfolio description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for Lerner (“Owner”), is pleased to present this opportunity to purchase 7799 Leesburg Pike (the “Property” or the “Properties”), a 377,717 square foot twin-tower office complex prominently overlooking the Capital Beltway (I-495) at the Leesburg Pike (Route 7) interchange in Tysons, Virginia. A landmark asset that has helped define the Tysons skyline for decades, this investment is a rare opportunity to control generational real estate in one of Washington, DC’s most dynamic and high-growth submarkets.


The recent beneficiary of a transformative $4 million renovation, the Properties offer market leading amenities – dramatic two-story lobby with stone and terrazzo finishes, tenant-only fitness center, full-service on-site café, tenant-only lounge, and expansive outdoor terrace – and possess numerous other intangibles: panoramic Northern Virginia views, highly visible signage opportunities, efficient 18,000 SF floorplates, complimentary Metro shuttle, covered parking at an above-market ratio, and convenient access to all of Northern Virginia – including the best shopping and dining in the region.


Collectively 36% leased to 7 tenants, 7799 Leesburg Pike is a highly coveted value-add investment offering positioned for success and poised for outperformance. Its compelling basis will offer investors a highly flexible business plan that will capitalize on the comprehensive amenity package already in-place and enable investors to drive value through the lease-up and further amenitization of the asset amidst Tysons’ continued growth.

Investment Highlights

  • Iconic 377,717 RSF (380,543 BRSF) Office Complex Developed & Owned By Lerner
  • 11-Story Twin Towers Fronting I-495 Offering Panoramic Views & Highly Visible Signage
  • At The I-495 & Route 7 Interchange Offering Superior Regional Accessibility
  • Complimentary Shuttle To The Silver Line’s McLean Metro Station
  • Recent $4 Million Renovation Provides Tenants Market-Leading Amenity Package
  • Below-Grade & Structured Parking At An Above-Market 3.5/1,000 SF Ratio
  • ±6.5-Acre Site With Flexible C-4 Zoning
  • Tysons Is The 12th Largest Commercial Business District In The United States
  • Most Compelling Price Point In Tysons Relative To Other Large Block Availability
  • Free & Clear of Existing Debt

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
7799 Leesburg Pike (2 Properties)
7799 Leesburg Pike - North Tower
Falls Church, VA, United States
7799 Leesburg Pike - South Tower
Falls Church, VA, United States
Expand Map Collapse Map
Last Updated Date: 30 Mar 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.