JLL Capital Markets arranges sale and acquisition financing of Tier 1 office portfolio in Northern Virginia
United States, Sept. 21 -- JLL Capital Markets announced that it has completed the sale of 1676 International Drive and 8260 Greensboro Drive, a 466,230-square-foot office portfolio in Tysons, Virginia.JLL represented the seller in the sale of the property to Cummings Capital Partners and JSB Capital Group and arranged acquisition financing on behalf of the buyers.The two-building portfolio consists of 1676 International Drive, a 309,318-square-foot, 13-story tower built in 1999, and 8260 Greensboro Drive, a 156,912-square-foot, seven-story building built in 1980. Both assets underwent comprehensive renovations in 2019 totalling $27 million, positioning them as best-in-class products that have successfully capitalized on the post-pandemic "...
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