JLL Capital Markets arranges sale and acquisition financing of Tier 1 office portfolio in Northern Virginia

• JLL Capital Markets arranged the sale and acquisition financing of 1676 International Drive and 8260 Greensboro Drive, a 466,230-square-foot, Tier 1 office portfolio in Tysons, Virginia
• Cummings Capital Partners and JSB Capital Group acquired the assets
• The portfolio is 86% leased to 43 tenants following a $27 million renovation that delivered best-in-class amenities

WASHINGTON, D.C., Sept. 21, 2026 – JLL Capital Markets announced today that it has completed the sale of 1676 International Drive and 8260 Greensboro Drive, a 466,230-square-foot office portfolio in Tysons, Virginia.

JLL represented the seller in the sale of the property to Cummings Capital Partners and JSB Capital Group and arranged acquisition financing on behalf of the buyers.

The two-building portfolio consists of 1676 International Drive, a 309,318-square-foot, 13-story tower built in 1999, and 8260 Greensboro Drive, a 156,912-square-foot, seven-story building built in 1980. Both assets underwent comprehensive renovations in 2019 totalling $27 million, positioning them as best-in-class products that have successfully capitalized on the post-pandemic "flight-to-quality" trend. The properties have demonstrated exceptional leasing momentum, completing over 213,000 square feet of leasing since 2023 across 27 transactions, including 17 new deals and 10 renewals/expansions, representing 46% of the total rentable building area.

The $27 million renovation program delivered top-of-market amenities, including a penthouse tenant lounge with retractable windows providing views of the Blue Ridge Mountains, a 118-person capacity penthouse conference center, a penthouse fitness center with locker rooms and steam showers (all at 1676 International), modernized lobbies, outdoor tenant amenity space and turnkey spec-suite programs. These amenities, available to tenants in both buildings, created two distinct rental price points that allow ownership to appeal to a broad range of tenants.

The properties are strategically positioned in the heart of Tysons with walkable access to The Boro, Tysons Galleria and Tysons Corner Center, and proximity to both the Greensboro and Tysons Corner Metro stops on the Silver Line. The location provides near-immediate access to the Capital Beltway and Dulles Toll Road via Route 7 and Chain Bridge Road, offering tenants exceptional connectivity throughout Northern Virginia and the greater D.C. Metro region.

"We're stepping into a portfolio that is already seeing significant tailwinds; the capital improvements, the amenity buildout and the tenant programming in place are best-in-class, and the property's location is an A+,” said Cliff Cummings, Managing Principal, Cummings Capital Partners. “There is already significant leasing activity underway, and we're excited to get to work with both existing and prospective tenants as we execute on additional value-added upgrades to further enhance the tenant experience. The leasing environment across Tysons and Northern Virginia has inflected meaningfully, and we see a clear runway ahead as tenants continue to consolidate into well-located, highly amenitized buildings."

“JSB and its partners feel privileged to have acquired these exceptional assets,” said J. Jay Lobell, JSB’s founder and CEO. “We are excited to be tapping into the skillset and integrity of Cummings Capital to ensure the Portfolio’s continued positioning in the highest echelon of this special office market. Kudos to outgoing ownership for its responsible stewardship and ongoing gratitude to our colleagues at JLL for another smooth and professional execution.”

JLL's Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Andrew Weir, along with Jim Meisel, Dave Baker, Kevin Byrd, Trey Ramsey and Rachel Kaplan. Dave Goldstein from JLL’s Northern Virginia Agency Leasing team also supported the sales effort. JLL’s Debt & Structured Finance team of Jamie Leachman, Chris Hew and Rob Carey arranged acquisition financing on behalf of the buyer.

"This transaction underscores the continued strength of well-positioned, recently renovated office assets in premier submarkets like Tysons," said Weir. "The renovation delivered exactly what today's tenants are seeking: best-in-class amenities that deliver an environment where their employees are excited to come to work. Tysons exemplifies the flight-to-quality trend more than any Northern Virginia submarket, with significant rent growth being achieved in the Trophy and Class A spaces. This transaction is evidence that despite broader headlines, both the equity and debt markets are liquid for well-positioned office assets.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Cummings Capital Partners was founded in 2025 by Cliff Cummings, a well-known local operator. Cummings Capital was established to pursue high-quality, differentiated office properties at reset bases in submarkets where leasing fundamentals are strong

JSB Capital Group is a privately held real estate investment management firm with primary offices in Miami, New York City and Baltimore. JSB invests both directly and alongside best-in-class operators across numerous asset classes and is focused on generating outsized risk-adjusted returns through cash flowing investments characterized by liquidity and limited exposure to cyclical volatility.