Tysons Pond II Sells as Mortgage HQ for $15M

TYSONS CORNER, VA-East West Mortgage, one of the nation’s largest residential mortgage brokerage firms, has bought Tysons Pond II, a 66,106-sf office building located at 1604 Spring Hill Rd., as its headquarters.

The acquisition price, according to a source, was $15.5 million. The seller was an investment partnership. Rob Meeks of Next Realty Mid-Atlantic LCC represented East West Mortgage and Cassidy & Pinkard Colliers represented the seller. Michael Trauberman, managing director of Falls Church, VA-based Spence Hill Associates, arranged slightly more than $13.5 million in acquisition and permanent financing.

The buyer is a privately-held company–not to mention a residential mortgage lender–which meant, in this current economy, the financing was more difficult to arrange, Trauberman tells GlobeSt.com. “But they are a large and solid company with a commitment to the area.”