TYSONS, VA — Newmark Knight Frank (NKF) announces the sale of Dominion Square’s 12-acre eastern parcel for $60.2 million, which has full Conceptual Development Plan (CDP) approvals for 2M s/f of office, residential, hotel and retail development. Dominion Square represents one of the last premier development sites at a Silver Line Metro station in Tysons.
NKF transacted the sale on behalf of Capital Automotive Real Estate Services Inc., a McLean based financial holding company.
“Located at the doorstep of the Spring Hill Metro, Dominion Square represents a generational development opportunity with market-making potential in Tysons, a premier submarket of Washington, DC” said Jud Ryan, executive managing director, NKF. “The sellers have already secured full CDP approval and as a result, the new owner knows exactly what parameters they are fully approved to work within as they design their unique vision for the future Dominion Square development.”
Newmark Knight Frank’s executive managing directors Jud Ryan, James Cassidy and Mark Anstine and senior managing director Dan Lockard represented Capital Automotive.