Joint Venture Equity

The Boro – Mixed Use

Sage Cap managed the marketing process with respect to the sourcing of an equity partner for The Boro, which is the premier, Metro-oriented development site in the Washington region. The Boro is transforming the Tysons market from a commuter-driven “Edge City” to a dynamic, self-sustaining, mixed-use, walkable urban district. Located adjacent to the Greensboro Metro Station, the first phase of The Boro broke ground in Fall 2016, and consists of 1.4 million square feet of mixed-use development including 650 residential units, 505,000 square feet of office space, and 223,000 square feet of retail space. Upon full buildout, The Boro will include approximately 3.2 million square feet of mixed-use development. The Boro will be anchored by two major tenants. Tegna pre-leased approximately 65,000 SF of office space on the top floors of the 19-story, 403,000 square foot Greensboro Tower. Whole Foods Market signed a lease for 69,000 SF, making it the largest store in the Washington area, and a “flagship” location for Whole Foods.