WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $116.1 million refinancing for Century Center I and II (above centered photo), a 624,573-square-foot office project in Arlington, Virginia.
“The borrower has spent the last two years completely renovating the building systems and infrastructure and refurbishing lobbies and public spaces to meet the standards of today’s demanding tenants,” said Donhauser. “The next phase of the renovation consists of a major retail repositioning whereby the existing ground-level space will be transformed into a dynamic amenity-rich retail destination.”
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. 
Working exclusively on behalf of Lowe Enterprises, HFF senior managing directors Bob Donhauser(top right photo) and William Asbill (middle le
ft photo) and director Cary Abod(middle right photo) placed the three-year adjustable-rate loan with GE Real Estate.
ft photo) and director Cary Abod(middle right photo) placed the three-year adjustable-rate loan with GE Real Estate.Loan proceeds were used to repay the original loans and provide financing to complete the current renovation project. This is the second financing of a Washington, D.C. area office building that HFF has secured for Lowe Enterprises in 2008.
Century Center I and II is located at 2450 Crystal Drive and 2461 S
outh Clark Street four blocks south of the Crystal City Metrorail station in Arlington, providing access to downtown Washington, D.C., the Pentagon (bottom left photo) and Reagan National Airport.
outh Clark Street four blocks south of the Crystal City Metrorail station in Arlington, providing access to downtown Washington, D.C., the Pentagon (bottom left photo) and Reagan National Airport. Century Center I has 389,188 square feet and Century Center II has 235,385 square feet of office space. The properties share a three-level, 2,025-space underground parking garage.
“The borrower has spent the last two years completely renovating the building systems and infrastructure and refurbishing lobbies and public spaces to meet the standards of today’s demanding tenants,” said Donhauser. “The next phase of the renovation consists of a major retail repositioning whereby the existing ground-level space will be transformed into a dynamic amenity-rich retail destination.” Lowe Enterprises is a leading national real estate investment, development and management firm. The firm currently manages in excess of $6 billion of investments on behalf of its investment clients and partners.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. 
CONTACTS:
Robert F. Donhauser, HFF Senior Managing Director, 202 533 2500, rdonhauser@fflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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