Potential Buyer for 2.1-MSF Tysons Corner

MCCLEAN, VA-The 2.1 million-sf Tysons Corner Center mall–with an estimated value of more than $500 million–may be the next acquisition of Rochester, NY’s shopping center owner Wilmorite Inc. Murmurs that Wilmorite has offered as much as $525 million for the 34-year old complex began to surface in early December and are recently growing louder.

Neither Wilmorite, nor current mall owner the Alaska Permanent Fund–owners of 57% of the property–responded to GlobeSt.com’s inquiry about the potential sale of Tysons Corner, which has been under the management of L&B Realty Advisors since it opened. “L&B has no comment at this time,” says company communications manager Holly C. Robertson. If Wilmorite does purchase the property, Tysons Corner will mark the company’s area debut, as its current mall ownership extends to New York, New Jersey, Connecticut and Illinois.