JLL completes Nuveen's sale of 8270 Greensboro Drive to Onward Investors
The 10-story building is 96% leased to 13 tenants, and the sale price was not disclosed.
At a glance
JLL has completed the sale of 8270 Greensboro Drive, a 166,393-square-foot office building in Tysons, Virginia, representing Nuveen as seller and Onward Investors as buyer.
The 10-story building, built in 1999 and renovated in 2021, is 96% leased to 13 tenants, according to Connect CRE, which first reported the trade.
JLL has completed the sale of 8270 Greensboro Drive, a 166,393-square-foot office building in Tysons, Virginia, representing Nuveen as seller and Onward Investors as buyer. The sale price was not disclosed in the coverage.
The 10-story building, built in 1999 and renovated in 2021, is 96% leased to 13 tenants, according to Connect CRE, which first reported the trade. Andrew Weir, the JLL senior managing director who led the capital markets team with Kevin Byrd, Jim Meisel, Dave Baker and Trey Ramsey, called Tysons 'the premier submarket in Northern Virginia' for well-located, renovated assets with proven leasing success, and said the asset has already shown significant rental-rate growth.
Nuveen has also been a buyer: it paid a record $170 million for the final two Park303 industrial buildings in August, per PRED's records.
Save this analysis and keep the funds you follow together in My Desk.
Sign in to save articles or follow funds.
SectorsKinsmen and SK Development secure $203.5M for 184-unit East Village rental
SectorsBig Watt Digital and PowerHouse Data Centers win Taylor approval for up to 1GW campus
The Wrap