EPR Properties Purchased McLean Retail Property

The firm acquired a 116,828-square-foot retail building at Tysons Galleria for $39 million.

Updated on Oct. 13, 2026 in Commercial

EPR Properties Purchased McLean Retail Property

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EPR Properties has completed the purchase of a 116,828-square-foot retail asset in McLean, Virginia, from Exemplar Luxury Group for $39 million. The three-story building, located at 2051 International Drive, will host a new 110,000-square-foot OneLife Fitness center next year.

Why it matters

The acquisition reflects ongoing growth in the Washington, D.C. retail market, which has seen significant investment activity recently. Repurposing space for large fitness centers indicates a shift in how shopping malls are utilizing square footage to maintain long-term viability.

The property was acquired for $333 per square foot, a metric contributing to a 1 percent annual growth in average price per square foot across the metro area since 2023. The transaction involves a building completed in 1987.

The players

EPR Properties

EPR Properties is a specialized real estate investment trust that invests in diverse property types including entertainment, recreation, and education.

Exemplar Luxury Group

Exemplar Luxury Group is a commercial real estate entity involved in the development and management of premium retail assets.

OneLife Fitness

OneLife Fitness is a fitness facility operator that manages large-scale health clubs across the Mid-Atlantic region.

Tysons Galleria

Tysons Galleria is a high-end regional shopping mall located in McLean, Virginia.

The details

The retail space is situated within the expansive Tysons Galleria mall, located near the intersection of Interstate 495 and Virginia State routes 123 and 267. Tysons Galleria previously secured a $435 million mortgage loan in January 2026, which is scheduled to reach maturity in 2031.

The retail property was originally completed in 1987.
Annual price growth for the metro area has been measured since 2023.
Tysons Galleria secured a $435 million mortgage loan in January 2026.
Regional retail investment data covers the period ending in June 2026.
The mortgage loan is scheduled to reach maturity in 2031.

Culture Shift

The move aligns with broader trends of repurposing mall retail space to maintain relevance as consumer habits evolve away from traditional shopping. This shift mirrors the national transition toward experiential retail within legacy commercial structures.

Residents should anticipate construction activity as the space transitions into a large fitness center starting next year. This development will provide new health and exercise options for those living or working in the immediate Tysons Galleria area.

The takeaway

Large-scale retail acquisitions at top-tier malls are increasingly focused on mixed-use amenities like fitness centers to secure long-term value. Investors and locals should monitor these transformations as they directly impact property utility and community access to facilities.