Done Deals: HFF secures $36.4 million financing for two office buildings in McLean, VA

Monday, July 8, 2013

HFF secures $36.4 million financing for two office buildings in McLean, VA

6849 Old Dominion Drive, McLean, VA

6862 Elm Street, McLean, VA

WASHINGTON, D.C. – HFF announced today that it has secured $36.4 million in financing for two office buildings located at 6849 Old Dominion Drive and 6862 Elm Street in McLean, Virginia.

HFF worked on behalf of The JBG Companies to secure the loans in two separate transactions. HFF secured the $13.4 million, seven-year, floating-rate loan for 6849 Old Dominion Drive through Bank of America Merrill Lynch.

Sue Carras

The lender also provided funds for the $23 million, seven-year, floating-rate loan for 6862 Elm Street.

6849 Old Dominion Drive and 6862 Elm Street are located close to the Dulles Toll Road and Interstate 495 northwest of Washington, D.C.

Renovated in 2009, the 66,603-square-foot building at 6849 Old Dominion Drive has Northwestern Mutual as its major tenant. The 103,213-square-foot 6862 Elm Street building is occupied by multiple tenants.

Walter Coker

The HFF debt placement team was led by Sue Carras, Walter Coker and Brian Crivella.

Headquartered in Chevy Chase, Maryland, The JBG Companies is a private real estate investment firm that develops, owns and manages office, residential, hotel and retail properties.

The company has more than $10 billion in assets under management and development in the Washington metropolitan area. Since 1960, JBG has been active in the communities where it invests, striving to make a positive impact.