Wednesday, September 28, 2016

HFF arranges refinancing for Jefferson Plaza in Arlington, VA

Jefferson Plaza, 1401 South Clark Street, Crystal City Submarket,
 Arlington, VA

Cary Abod
WASHINGTON, DC, Sept. 28, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged refinancing for Jefferson Plaza, a 270,286-square-foot office building located at 1401 S. Clark Street in the Crystal City submarket of Arlington, Virginia.

HFF worked on behalf of an affiliate of Lowe Enterprises Investors to place the floating-rate loan with Square Mile Capital.  Loan proceeds will be used to retire existing financing that HFF secured in 2013, and provide good news funding for lease-up. 

With common areas renovated in 2013 and 2016, Jefferson Plaza is an institutional-quality office building in Crystal City offering tenants a full amenity package including a fitness center, conference center and on-site café.

 Located in the heart of Crystal City, Jefferson Plaza has direct access to the D.C. Metrorail system and is less than a half-mile from Ronald Reagan National Airport, two miles from the Pentagon and less than three miles from downtown Washington, D.C. 

The HFF debt placement team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.

As the Crystal City submarket continues to recover from BRAC and sequestration, Jefferson Plaza is positioned to benefit from increased leasing velocity,” said Abod.  “Jefferson Plaza offers tenants first-class build-outs and best-in-class amenities at competitive rates.”

For a complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Marketing
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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