Contact Us
News

Fairfax County Acquires Vacant Tysons Retail Building As Part Of Street Grid Improvement Effort

Want to get a jump-start on upcoming deals? Meet the major D.C. players at one of our upcoming events!

The Container Store building at 8508 Leesburg Pike
The Container Store building at 8508 Leesburg Pike

Fairfax County wants to improve Tysons' street grid to make it a more walkable area, and it has just acquired a vacant retail building as part of that effort.

The Fairfax County Board of Supervisors last month acquired the former Container Store building at 8508 Leesburg Pike from a JBG affiliate for $16.6M, the Washington Business Journal reports

The property sits less than a half-mile from the Spring Hill Metro station and the Leesburg Pike-Dulles Toll Road interchange. The county plans to use the property to create a new street connecting Leesburg Pike with Greensboro Drive.

A series of residential, office and retail properties in the immediate area stand to benefit from the new street connection.

The Ascent at Spring Hill station, a high-rise apartment building directly to the west of the property, is owned by Greystar. Clemente Development Co., the developer that has a massive Spring Hill mixed-use project planned, owns the office building directly to the east of the property at 8500 Leesburg Pike. American Real Estate Partners also owns a nearby office building, occupied by Primatics and BDO, at 8401 Greensboro Drive. 

Fairfax County economic development leaders will speak Thursday at Bisnow's Future of Fairfax County event, held at The Westin Tysons.