Saturday, October 17, 2015

HFF secures $30 million bridge loan for 1550 Westbranch Drive in Tysons Corner McLean, VA

1550 Westbranch Drive, Tysons Corner, McLean, VA

Daniel McIntyre

WASHINGTON, D.C. –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $30 million bridge loan for 1550 Westbranch Drive, a 152,000-square-foot, Class A office building in the Tysons Corner area of McLean, Virginia.

Working on behalf of the borrowers, affiliates of Griffith Properties, LLC and Rubenstein Partners, HFF placed the three-year, floating-rate bridge loan with EagleBank.  The loan has two one-year extension options and is being used to finance the acquisition and repositioning of the property.

1550 Westbranch Drive is situated on a 5.4-acre site close to Tysons Galleria, two Metro stations, Dulles Toll Road, and the new Jones Branch Drive interchange with the I-495 express lanes.  For added convenience, shuttle service is planned from the property to the Metro stations and area amenities.

 Completed in 2001, the six-story building is fully leased to MITRE Corporation, a not-for-profit organization, through late 2016.  Amenities at 1550 Westbranch include a conference center and break-out area, fitness center with shower facilities, café, and a 470-space covered parking garage. 

The HFF debt placement team representing the borrower was led by director Daniel McIntyre.

   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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