Tysons office building is refinanced
- January 14, 2019
Dallas-based Holliday Fenoglio Fowler LP has arranged the $32.217 million refinancing of a Tysons office building.
The 219,000-square-foot building is 7600 Leesburg Pike. HFF worked on behalf of the borrower, True North Management Group, to secure the three-year, floating-rate loan.
Constructed in the late 1980s, 7600 Leesburg Pike was updated in 2016. It will again undergo renovations to add on-site amenities, including a deli and fitness center, in the coming year.
Loan proceeds were used to refinance the original acquisition loan and provide funds for the borrower to implement its business plan to lease up and stabilize the asset.
HFF’s debt placement team representing the borrower included Dan McIntyre, Robert Carey and Drake Greer.