HFF secures $7.2M financing for southern Maryland Class A office buildings

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today it has secured $7.2 million in financing for Holly II and Holly III, Class A, multi-tenant, office buildings (top right photo) totaling 106,514 net rentable square feet in California, Maryland.

Working exclusively on behalf of Wildewood Development Corporation, HFF senior managing directors Bill Asbill (top left photo) and Bob Donhauser (middle right photo) and director Cary Abod placed a five-year, 4.69% fixed-rate loan with PNC Bank, which was used to refinance a securitized loan.

Located at 44427 and 44423 Airport Road respectively, Holly II and Holly III are within the Wildewood Professional and Technology Office Park less than five miles from the Patuxent River Naval Air Station (“NAS”) and the Naval Air Systems Command (“NAVAIR”) headquarters.

Holly II, which has 54,221 square feet of office space plus a 3,793-square-foot conference room facility, is 94% occupied by tenants including General Dynamics and Lockheed Martin. Holly III has 52,293 square feet of fully leased office space.

The major tenant at Holly III is ARINC.

“NAVAIR and NAS attract all of the major defense contractors to the California, Maryland area and provide stable tenant demand for the 1.9 million-square-foot office market,” said Asbill.

Since its inception in 1981, Wildewood Development Corporation has developed 15 buildings for a variety of tenants and users within St. Mary’s County, Maryland.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.

HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. http://www.hfflp.com/.

Contacts:

William S. Asbill, Senior Managing Director, (202) 533-2500, wasbill@hfflp.com

Cary P. Abod, HFF Director, (202) 533-2500, cabod@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com