Two Buyers Acquire Proposed International Place Development Sites

Two sites poised for redevelopment in Tysons now have new owners.

Thallium LLC acquired 8133 Leesburg Pike for a little more than $30 million, while McLean-based Tepe & Hisar LLC paid $19.5 million for 8201 Leesburg Pike — a total of about $50 million for the redevelopment sites, the Washington Business Journal reported.

Two years ago, Fairfax County approved the sites for a redevelopment project called International Place. Shortly afterward, the developer filed for bankruptcy.

It’s unclear what will happen to the two sites next.

“Dogan Savasman, identified in court records as chief executive manager for Tepe & Hisar, could not be reached for comment. He said in a previous interview he intends to redevelop 8201 Leesburg but those plans could change from what Garrett had proposed,” according to the Washington Business Journal.

Image via Fairfax County

Recent Stories

A new report says there are disparities between Fairfax County neighborhoods in health, income and other factors that affect residents’ quality of life (via Northern Virginia Health Foundation) In between…

AC Milan, the Italian soccer club, is opening a Virginia youth training academy in Tysons (courtesy AC Milan) A top-tier Italian soccer club is making a play for Tysons. AC…

Laura Schwartz is a licensed Realtor in VA and D.C. with McEnearney Associates in Vienna. You can follow Laura on Instagram at @LauraSchwartzRealtor or her Facebook page. Laura can be reached at 703-283-6120 or [email protected]. Did…

The Wedgewood Apartments and other properties owned by the Fairfax County Redevelopment and Housing Authority would be subject to the new relocation guidelines if redeveloped (via Google Maps) Fairfax County…

×

Subscribe to our mailing list