{"id":1004180867,"date":"2017-06-16T10:31:29","date_gmt":"2017-06-16T18:31:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180867"},"modified":"2022-12-08T14:31:32","modified_gmt":"2022-12-08T22:31:32","slug":"tysons-2000-corporate-ridge-fetches-39m-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tysons-2000-corporate-ridge-fetches-39m-financing\/","title":{"rendered":"Tysons\u2019 2000 Corporate Ridge Fetches $39M Financing"},"content":{"rendered":"<p>By Evelina Croitoru<\/p>\n<div id=\"attachment_1004180878\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004180878\" data-attachment-id=\"1004180878\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tysons-2000-corporate-ridge-fetches-39m-financing\/attachment\/10567\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10567\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg?w=640\" loading=\"lazy\" class=\"wp-image-1004180878 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg\" alt=\"2000 Corporate Ridge\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004180878\" class=\"wp-caption-text\">2000 Corporate Ridge<\/p><\/div>\n<p>PCCP secured a $39.4 million loan for the acquisition and refurbishment of 2000 Corporate Ridge\u2014formerly known as Tysons Executive Plaza I\u2014 in Tysons, Va. The company worked on behalf of the borrower, Westport Capital Partners.<\/p>\n<p>Located at 2000 Corporate Ridge Road, the 10-story, 261,910-square-foot property constructed in 1985, incorporates a four-story garage totaling 915 spaces. The LEED-certified property is within one mile of two Metro stations that offer direct proximity to Tysons Corner Center and Tysons Galleria, a 3.5 million-square-foot upscale retail center. Due to its strategic position and high visibility, 2000 Corporate Ridge has historically been well occupied.<\/p>\n<h2>Budgeting for Capital Improvements<\/h2>\n<div id=\"attachment_1004180879\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10568.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004180879\" data-attachment-id=\"1004180879\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tysons-2000-corporate-ridge-fetches-39m-financing\/attachment\/10568\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10568.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10568\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10568.jpg?w=640\" loading=\"lazy\" class=\"wp-image-1004180879 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10568.jpg\" alt=\"The building was previously known as Tysons Executive Plaza I\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10568.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10568.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004180879\" class=\"wp-caption-text\">The building was previously known as Tysons Executive Plaza I<\/p><\/div>\n<p>Westport has pumped $8.8 million in capital improvements, enabling the ownership to re-introduce the property on the market and procure tenants looking for state-of-the-art recently renovated space. The repositioning will include the modernization of the 1980s-era lobby, the 10-story atrium, elevators, and bathrooms. Westport also intends to add new amenities such as a fitness center and a state-of-the-art Tenant Amenity Center, which will incorporate\u00a0multiple conference rooms, in addition to\u00a0building spec suites that would spur leasing momentum. After the refurbishment will be completed, 2000 Corporate Ridge will become the premier headquarters opportunity for tenants looking to relocate in the <a href=\"https:\/\/www.commercialsearch.com\/news\/meridian-nabs-227m-suburban-dc-office-campus\/\">Tysons submarket<\/a>.<\/p>\n<p>Leasing for the project will be handled by Josh Masi and Tom Walsh of Cushman &amp; Wakefield.\u00a0\u00a0\u00a0\u00a0<\/p>\n<p><em>Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.<\/p>\n","protected":false},"author":1055,"featured_media":1004180878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,11,21742,21747,1615],"tags":[32799,33053,36227],"class_list":["post-1004180867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-cushman-wakefield","tag-pccp-llc","tag-westport-capital-partners-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tysons\u2019 2000 Corporate Ridge Fetches $39M Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tysons-2000-corporate-ridge-fetches-39m-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tysons\u2019 2000 Corporate Ridge Fetches $39M Financing\" \/>\n<meta property=\"og:description\" content=\"PCCP arranged the senior loan for the purchase and renovation of the 261,910-square-foot office property. The repositioning will include the addition of a fitness center and multiple modern conference rooms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tysons-2000-corporate-ridge-fetches-39m-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-16T18:31:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:31:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/10567.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tysons-2000-corporate-ridge-fetches-39m-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tysons-2000-corporate-ridge-fetches-39m-financing\\\/\"},\"author\":{\"name\":\"Evelina Croitoru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e9e65abbef696b705a028580e04c8c99\"},\"headline\":\"Tysons\u2019 2000 Corporate Ridge Fetches $39M Financing\",\"datePublished\":\"2017-06-16T18:31:29+00:00\",\"dateModified\":\"2022-12-08T22:31:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tysons-2000-corporate-ridge-fetches-39m-financing\\\/\"},\"wordCount\":254,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tysons-2000-corporate-ridge-fetches-39m-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/06\\\/10567.jpg\",\"keywords\":[\"Cushman &amp; 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