Washington Post reports that the owner of West Group, the largest landowner of Tysons Corner cashing in his 142 acre of holdings to an investment group led by Robert Pence, a developer with local “Fairfax” root. The new owner will continue to focus on West Group’s vision for redevelopment of Tysons Corner.
The WestGroup owns about 140 office and apartment buildings in Tysons. Its office properties have as much as 2 million square feet of space available, according to the company’s Web site.
WestGroup developed two major pieces of Tysons Corner’s current landscape: WestPark, outside the Capital Beltway, and WestGate, inside the Beltway. The company’s buildings are home to major companies, including Freddie Mac, Mitre and Northrop Grumman.