Two Tysons Corner Office Buildings Totaling 433,000 SF Change Hands

VIENNA, VA-Lowe Enterprises Investors–along with minor joint venture partners Minshall Stewart Properties and Blue Vista Sponsor Equity Fund–has acquired two office buildings at 1953 Gallows Rd. and 1951 Kidwell Dr. The pair totals 433,000 sf in the Tysons Corner submarket.

Edwin M. Clark III and Stephen L. Hoffeditz of McShea & Co. represented Lowe in the transaction with the seller, a group of affiliates of New Boston Fund Inc. The price tag remains an unknown. The structures at 1953 Gallows and 1951 Kidwell have current assessed valued of $38.5 million and $22.7 million, respectively. When 1953 Gallows last hit the market, which was in 2000, New Boston snapped it up for $43.7 million, while the company paid $29.9 million for 1951 Kidwell in 2001.