$139M financing for four-property retail portfolio in Virginia arranged by HFF

WASHINGTON, D.C. – The Washington, D.C. and Boston offices of HFF (Holliday Fenoglio Fowler, L.P.) announced that they have arranged $139 million in financing for a four-property retail portfolio in Virginia.

HFF senior managing director Todd Stressenger, (top right photo) managing director Mark Remington (top left photo) and director Coleman Benedict (bottom right photo) worked exclusively on behalf of the borrower, Federal Realty Investment Trust.

Prudential Mortgage Capital Company, the commercial mortgage lending business of Prudential Financial, Inc., provided the five-year, fixed-rate loan for the portfolio, which was previously unencumbered with debt. The transaction closed in early June.

“HFF obtained a $139 million loan from Prudential Mortgage Capital Company, a strong achievement in this challenging credit environment,” said Remington.

The portfolio totals 867,404 square feet. Individual property details are listed below:

Idylwood Plaza, 73,382 Square Feet, built 1991, Whole Foods,
Falls Church, VA

Leesburg Plaza , 235,528 Square Feet, 1967/2007, Giant,
Leesburg, VA

Loehmann’s Plaza , 261,894 Square Feet, 1971/2007, Giant, Falls Church, VA

Pentagon Row, 296,600 Square Feet, 2001-2002, Harris Teeter,
Arlington, VA

Federal Realty Investment Trust is a publicly-traded real estate investment trust that has a current portfolio of 83 retail assets totaling 18.1 million square feet.

Contacts:

Todd S. Stressenger, Senior Managing Director, (617) 338-0990, tstressenger@hfflp.com

Mark T. Remington, HFF Managing Director, (202) 533-2500, mremington@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com