Dominion Square parcel sells for $60.2M in Tysons

McLean-based financial holding company Capital Automotive Real Estate Services sold the eastern parcel of its Dominion Square property in Fairfax County for $60.2 million.

Dominion Square is one of the last major development sites near a Silver Line Metro station in Tysons, according to a statement from Newmark Knight Frank, the New York-based commercial real estate advisory firm that represented Capital Automotive in the sale.

The 12-acre eastern Dominion Square parcel near the Spring Hill Metro station has zoning approval for 2 million square feet of office, residential, hotel and retail development.

Capital Automotive Square is still seeking a buyer for its 7.63-acre Dominion Square West site.

NKF Executive Managing Directors Jud Ryan, James Cassidy and Mark Anstine and Senior Managing Director Dan Lockard handled the sale.

NKF representatives declined to identify the buyer.

“The sellers have already secured full … [zoning] approval and as a result, the new owner knows exactly what parameters they are fully approved to work within as they design their unique vision for the future Dominion Square development,” Ryan said in a statement.