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SAIC may sell Tysons Corner campus

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Not even a month after Science Applications International Corp. (SAIC) announced that it would split into two companies, the Washington Post is reporting that the company will consider selling its main campus at Tysons Corner. 

In a story in Capital Business on Monday, the Post reported that landlords, developers and brokers in Northern Virginia are wondering about the implications if SAIC pulls out of Tysons.
The defense contractor’s 23.7-acre Tysons Corner campus is located right at the Greensboro Metro station along the coming Silver Line, which is expected to open in late 2013.

SAIC executives said on Aug. 30 that they planned to split the company into two units: a $4 billion-a-year business providing technical assistance and other services, and a $7 billion-a-year IT company.

SAIC moved from San Diego to McLean in 2009. According to the Post, it owns its corporate headquarters at Tysons Corner.  As news shakes out over the company’s restructuring, an SAIC official said at least one of the companies could remain in the headquarters. SAIC has 15,000 local employees and many satellite offices in the area ― some leased and some owned. That’s not expected to change when the companies split. SAIC uses Jones Lang LaSalle to manage of about a quarter of its real estate.


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