Washington Property Company (WPC) has acquired a 5.2-acre parcel of land in the heart of rapidly redeveloping Tysons, Va., with plans to develop approximately 700 new rental apartments under its well-known Solaire brand.
John Sheridan of CBRE Group represented the seller, a global private equity firm, in the transaction.
Located on the southwest corner of Westpark and West Branch Drive, the parcel is part of the 19-acre Arbor Row neighborhood stretching along Westpark Drive, with new mixed-use development replacing 1970s-era office buildings.
“We are excited to bring the Solaire lifestyle to the most appealing neighborhood in the new Tysons,” said Daryl South, senior vice president of development for Bethesda, Md.-based WPC. “Walkable to Metro’s Silver
