CHEVY CHASE, MD. — The JBG Cos. and JBGR Retail have sold Phase I of Tysons West, a new mixed-use, transit-oriented development in Chevy Chase. LaSalle Investment Management purchased the project’s initial phase, which features more than 165,600 square feet of commercial space, including an urban-format Walmart, 24 Hour Fitness, several restaurants and 30,000 square feet of medical office space. Delivered in August 2013, the asset is located at 1500 Cornerside Blvd. immediately adjacent to the Spring Hill Metro station on the new Silver Line Metrorail. Phase II of Tysons West will include 400,000 square feet of residential space and another 50,000 square feet of retail, and Phase III will consist of 300,000 square feet of residential space, 380,000 square feet of office space and 50,000 square feet of retail. Eastdil Secured brokered the sale of Tysons West. JBGR Retail will continue to manage the property.
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