Wednesday, September 23, 2015

HFF arranges $23.6 million financing for 3-building industrial park in Alexandria, VA

Pickett Industrial Park, Alexandria, VA

Sue Carras
WASHINGTON, D.C. – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $23.6 million in acquisition financing for a 100-percent-leased, three-building warehouse complex totaling 246,145 square feet within Pickett Industrial Park in Alexandria, Virginia.

Working on behalf of the borrower, an affiliate of JBG Core Venture I, L.P., HFF placed the 10-year, floating-rate loan with SunTrust Bank.  In June, HFF closed the sale of this asset to JBG Core Venture I, L.P., a programmatic joint venture between CBRE Global Investment Partners and The JBG Companies.

Situated on 10.84 acres at 841-929 South Pickett Street inside the Capital Beltway in Alexandria, Virginia, Pickett Industrial Park is less than a mile and a half from Interstate 395.

 The Pentagon, Fort Belvoir and Reagan Washington National Airport are all less than 10 miles away from the property.  The one-story buildings have 24’ clear heights and a total of 34 dock-high loading doors with seven drive-ins. 

The complex is 100 percent leased to six tenants, including General Services Administration, Commercial Carpets of America, Michael Baker Corporation and Habitat for Humanity of Northern Virginia.

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

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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