SAIC Crafts $225M Sale, Leaseback For Virginia HQ

Law360, New York (May 6, 2013, 6:17 PM EDT) -- Defense contractor Science Application International Corp. is planning to sell its headquarters and additional land in the prized Tyson's Corner area in Virginia to a unit of private equity-backed The Meridian Group for as much as $225 million and lease back some of the space, according to a Monday regulatory filing.

SAIC affiliate Campus Point Realty Corp. wants to sell four office buildings and 18 acres of land, as well as adjacent parking garages, to MRP-I Acquisition A LLC, according to an 8-K filing with the...
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