National financial services organization TIAA-CREF has sold the Harrison Building in Tysons Corner, Virginia to Harrison Metro LLC, an investment affiliate of Cambridge Holdings LLC, a Virginia-based full-service operating company. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of TIAA-CREF, and represented them in the sale; the price and terms of the transaction were not disclosed. TIAA-CREF purchased the Harrison Building in December 2004 for approximately $27.4 million; Fairfax County tax records show the building was assessed at $23 million this year.
Located at 1760 Old Meadow Road in Tysons Corner — which is the 12th largest Central Business District in the nation and Virginia's largest employment center — the Harrison Building was completed in 1999 and is conveniently located blocks from the Silver Line's McLean Metrorail station, Tysons Corner Center and Tysons Galleria. The five-story, 101,440-square-foot, Class A office building features a two-story glass atrium lobby with three elevator cabs and covered parking adjacent to building. The building was fully leased to Project Performance Company (PPC) at the time of the sale, but the company, which has been at that location since at least 2006, will be leaving the property when its lease expires at the end of the year.
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