Matan Companies Sells 1750 Old Meadow Road in Tysons
6 September 2018
Matan Companies announced today the sale of their 142,000 square foot Class A office building located at 1750 Old Meadow Road in McLean, Virginia. The off-market deal, which settled on August 10th, closes a multiple-decade ownership under the Matan Companies.
Conveniently located steps away from the Silver Line’s McLean Metro station, the property offers access from I-495 and Route 123, with prime visibility from the Capital Beltway and walkability to nearby retail. Built in 1986 on four acres, the seven-story building was acquired by Matan in 2001, housing long-term single-tenant SpaceNet, prior to their departure in 2016.
“The dynamics of the Tysons market provided us the right exit point prior to having to redevelop the property,” said Mark Matan of the Matan Companies. “We would like to extend a special thank you to both Eagle Bank and Cushman & Wakefield for their commitment to 1750 Old Meadow Road over the last few years.”