Booz Allen-Occupied Building Brings in $59M

TYSONS CORNER, VA-Ownership of the office property known as John Marshall II has changed hands in a recent transaction valued at $59.3 million. Cousins Properties Inc., which owned the property in an equal partnership with CarrAmerica Realty Corp., sold the 224,000-sf building to an affiliate of ING Realty Partners. Consulting firm Booz Allen Hamilton has a lease through January 2011 on the entire facility where it maintains part of its global corporate headquarters.

John Marshall II boasts a coveted Tysons Corner submarket location within easy access to such major thoroughfares as the Capital Beltway, the Dulles Toll Road and Interstate 66. Built in 1996, the nine-story structure on Greensboro Drive has a current assessed value of about $39 million, according to Fairfax County records. In addition to its class A office attributes, the property offers parking accommodations via a seven-level parking facility it shares with a neighboring office building. John Marshall II proved a great draw for a slew of hopeful investors.