A pair of apartment buildings in north central Tysons recently changed hands, resulting in a name change for one of the properties.
Hanover Tysons, a 412-unit residential building at 1500 Westbranch Drive, has been rebranded as The Jones at Tysons after its original developer, The Hanover Company, sold the property to the financial services firm Mesirow Financial late last year.
The $175.1 million sale closed on Dec. 19 and was announced on Jan. 13 by Berkadia, a commercial real estate broker that handled the deal on behalf of Hanover Company.
“We believe the property’s outstanding amenities, location near employers and world-class shopping, and access to major highways and public transportation combine for an exceptional living experience,” Mesirow CEO Alasdair Cripps said in a press release. “Going forward, we have rebranded the property as The Jones at Tysons and look forward to serving the community.”
Exactly what the rebranding means for residents is unclear. Mesirow, which is based in Chicago, Illinois, didn’t respond to request for comment by press time.
Approved by the Fairfax County Board of Supervisors in March 2019, Hanover Tysons was delivered in 2022 with 20% of its units designated as workforce housing and 1.13 acres of publicly accessible park space, along with private amenities like a swimming pool, recreational courtyard and fitness center.
In its press release, Berkadia highlighted the building’s proximity to Tysons Corner Center, Tysons Galleria and Capital One Center.
“We believe this property’s prime location … presents tremendous potential for the buyer,” Berkadia Senior Managing Director Brian Crivella said.
The nearby Brentford at the Mile also has a new owner after getting acquired on Jan. 3 for $167.25 million by Sentinel Real Estate, the Washington Business Journal reported.
Located at 7970 Maitland Street, the 411-unit apartment building was constructed in 2023 as part of The Mile, which was initially approved by the county board in 2019 and envisioned replacing the 38-acre Westpark Business Park with over 3 million square feet of mixed-use development.
Only two of the 13 planned buildings — Brentford and Highgate — have been completed so far, but a Charlton at The Mile, a residential building with a self-storage facility, got the county’s approval in 2022.
In a blog post on its acquisition of Brentford, Sentinel didn’t mention any planned changes to the property but trumpeted its convenience for access to D.C., retail and entertainment options in Tysons and major employers like Capital One and Hilton.
Headquartered in New York City, the real estate company also acquired Aventon Crown, an apartment building in Gaithersburg, Maryland, that has now been renamed Rockwell at Crown. It also owns two apartment buildings in Arlington and an office building in D.C.
“Both properties provided an excellent opportunity for Sentinel to obtain immediate scale and penetration into the high-barrier-to-entry D.C. suburbs,” Sentinel Managing Director George Tietjen said. “These assets will be valuable additions to our portfolio as they offer residents upscale, well-appointed living spaces, best-in-class amenities, walkability to nearby retail and entertainment venues, as well as connectivity to the dynamic employment nodes throughout the greater Washington area.”
