Real Capital buys Tysons Pointe at a bargain, eyes more opportunities
June 13, 2025
By Dan Brendel, Washington Business Journal
Real Capital Solutions and Silverline Equities recently acquired a two-building office complex in
Tysons for just under half what it fetched two decades ago.
It’s part of a longer-term plan for RCS, based outside of Denver, to acquire offices properties at
bargain prices, Chairman and CEO Marcel Arsenault told me. He is considering “several”
additional acquisitions in Greater Washington with an eye toward establishing a larger
footprint.
The joint venture paid $57.1 million for Tysons Pointe, side-by-side offices at 8300 Greensboro
Drive and 1600 International Drive, in a court-appointed receivership sale Monday. The price
amounts to roughly $143 a square foot.
RCS and Silverline bought the property from U.S. Bank, which had taken the keys back from the
previous owner, Rockpoint Group LLC.
Boston-based Rockpoint bought the complex — which totals 396,000 square feet — in 2017 for
$90 million. Before that, it traded hands in 2005 for $97.5 million. The latest sale represents
reductions of 37% and 41%, respectively, compared with those previous sales.
The 13-story, 295,000-square-foot tower at 8300 Greensboro was built in 1981. The eight-story
building (four office levels atop four of parking) at 1600 International followed in 1998 with
101,000 square feet. They sit on five acres across Greensboro Drive from The Meridian Group’s
The Boro, a big master-planned, mixed-use development off the Silver Line’s Greensboro Metro
station.
Adjacency to The Boro is a big part of what RCS and Silverline liked about the property and why
they think they’ll be successful leasing the buildings up.
Tysons Pointe is currently 75% leased to 28 tenants, including Bank of America, which recently
expanded and extended its lease through 2032; Red Hat Inc., an IBM software subsidiary; tech
firm Digital Management Holdings LLC; and an arm of CIBT Inc., which provides immigration and
visa services.
The acquisition is just the latest example of RCS’s bargain-buying strategy. The company has
made $210 million in office acquisitions in less than a year — mostly in Denver, one in Dallas
and one at 1501 M St. NW in D.C. in December. RCS has about $200 million in pending
acquisitions, Arsenault said, and it plans to invest as much as $2 billion more in the next two to
three years.
Arsenault said RCS has patiently sat on cash and avoided buying into over-priced assets. “Not
too many players have that discipline,” he said, joking of his own “scars” from decades in
commercial real estate.
He acknowledged that Greater Washington’s office market might suffer from cuts to federal
and contractor jobs and to federal grants for nonprofits. But he said RCS buys buildings at very
low basis, allowing it to offer competitive leases and gain market share even in a contracting
market.
The wave of distressed office sales has hit Tysons hard recently.
A few weeks ago, I wrote about JBG Smith Properties (NYSE: JBGS), known for being all in on
National Landing, making the uncharacteristic acquisition — incidentally, also from Rockpoint
— of the three-building office campus known as Dulles Plaza in Tysons for $42 million. That
price represented a two-thirds loss in value since it traded hands previously for $130 million in
2017.
Just last week, Meridian acquired the chronically empty 24-story trophy office tower, now
rebranded Boro Central, from Foulger-Pratt in a distressed sale. Deed records show Meridian
paid $1 for the property, while taking over about $105 million in debt.
In April, an entity associated with Ashburn-based IT company DISYS Solutions Inc. (doing
business as DSI Tech), or at least its CEO, bought the nine-story building at 8280 Greensboro
Drive for $37 million — down from the $64.1 million it fetched in 2017.
