Saturday, October 24, 2015

HFF secures $37.180 million financing for Executive Plaza in North Bethesda, MD

Executive Plaza, 6120 and 6130 Executive Boulevard, White Flint District,
 North Bethesda, MD

Susan Carras
WASHINGTON, DC – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $37.180 million in bridge financing for Executive Plaza, a two-building Class A office project totaling 328,457 square feet in North Bethesda, Maryland.

Working on behalf of the borrower, an affiliate of Angelo Gordon & Company and Monument Realty, LLC, HFF placed the 36-month, floating-rate loan with Citizens Bank.  Loan proceeds will be used to refinance the existing loan and to provide funds for continuing capital improvements and leasing related costs.

Executive Plaza is located at 6120 and 6130 Executive Boulevard in the White Flint district of North Bethesda.  The 13-acre site is close to the Capital Beltway (I-495) and Interstate 270 via Montrose Parkway, and walkable to the White Flint Metrorail station. 

Pike and Rose, the new office, retail, residential, restaurant and entertainment destination that delivered this year, is also within walking distance of the property.  The two eight-story buildings feature a four-story, 866-space parking garage and 25,683 square feet of lower level space in 6120 Executive Boulevard that will be improved with a fitness facility and conference center.

HFF’s debt placement team was led by Susan 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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