Saturday, December 19, 2015

HFF arranges $65 million financing for Class A mixed-use community in Arlington, VA

Sue Carras
WASHINGTON, D.C.  -– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $65 million in financing for Tellus, a 254-unit, 16-story, Class A mixed-use community in Arlington, Virginia’s Courthouse neighborhood.

HFF worked exclusively on behalf of the developer, a joint venture between Jefferson Apartment Group and Erkiletian Development Company, to secure the 15-year, fixed-rate loan through TIAA-CREF. 

 Loan proceeds were used to replace construction debt on the property, which is managed by JAG Management Co.

Tellus is located at 2009 14th Street North two blocks from the Courthouse Metro (Orange and Silver lines) in the heart of Arlington’s Rosslyn-Ballston Corridor. 

Completed in 2014, the transit-oriented property offers views of downtown Washington, D.C. and has studio, one- and two-bedroom units averaging 789 square feet each.

 The LEED Gold property features a rooftop swimming pool, indoor yoga studio, state-of-the-art fitness center, business center, oversized courtyard, cyber café, 273-space parking garage and more than 13,300 square feet of street-level retail and office space.  At closing, the residential portion of the property was 93 percent leased.

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

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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