Industries Commercial Real Estate

HFF arranges financing for two Virginia projects

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Holliday Fenoglio Fowler LP has arranged financing for a large office project in Arlington and a refinancing for a shopping center in Richmond.

HFF said it obtained a $116.5 million construction loan for Monument View, a 317,000-square-foot office development that soon will be the new regional headquarters for The Boeing Co.  It worked exclusively on behalf of the borrower, Monument Realty, to secure the loan agented by RBS Citizens N.A. 

Due for completion at the end of 2013, Monument View is a build-to-suit facility for the aerospace and defense company. The first phase will include a seven-story, 186,000-square-foot building and a five-story, 131,000-square-foot building.  Located on a 4.7-acre site along South Old Jefferson Davis Highway, the project is adjacent to the Pentagon, Reagan-National Airport and Interstate 395 at the north end of Crystal City. It offers views of the Potomac River and Washington monuments.

HFF, which has 19 offices across the country including one in Washington, D.C., also arranged a $6.1 million refinancing for Olde Towne Shopping Center, a 91,494-square-foot retail center in Richmond.  Working on behalf of Capstone Advisors, HFF said it placed the fixed-rate loan with a national life insurance company.  Olde Towne Shopping Center is located on a 9.9-acre site at 7801 W. Broad St.  The property, which is 99 percent leased, is anchored by Stein Mart and Buffalo Wild Wings.

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