Financing hitch derails sale of Tysons Corner properties

01/15/2010 | Washington Post (tiered subscription model), The

The inability of the prospective buyer to line up financing has killed WestGroup's deal to sell its interests in the Washington area's Tysons Corner. An investment group headed by Robert Pence signed a contract to buy 142 acres six months ago from WestGroup, Tysons' largest landowner. The WestGroup property consists of a mix of pre-development land, older buildings ripe for redevelopment and office towers leased to big-name corporate tenants.

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