HFF arranges $13.2M first mortgage refinancing for metropolitan Washington, D.C. Class A office building

NEW YORK, NY – The New York and Washington, D.C. offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have arranged a $13.2 million first mortgage refinancing for Dulles Creek, (bottom right photo) an 87,562-square-foot, Class A office building in Herndon, Virginia.

Senior managing director Jay Marshall (top right photo) of HFF New York and director Cary Abod (top left photo)  of HFF Washington, D.C. exclusively represented Brickman in arranging the three-year, 7.12% fixed-rate loan through FundCore Finance.

Brickman makes debt and equity investments primarily in office properties. The firm has acquired more than four million square feet of office, multi-housing and hotel properties since their inception in 1992, and owns the Dulles property through Brickman Real Estate Fund II.

Completed in 2001, Dulles Creek is a four-story office building that is 87% leased to tenants including Regus Business Centers. The property is located at 13800 Coppermine Road adjacent to the Washington Dulles International Airport and south of the Dulles Toll Road in Herndon.

“Dulles Creek has an outstanding location at the confluence of a major international airport, important local highways and the future site of a Metrorail station near Tyson’s Corner in the D.C. metropolitan area,” said Abod.

Contacts:

Jay B. Marshall, HFF Senior Managing Director, (212) 245-2425, jmarshall@hfflp.com
 Cary P. Abod, HFF Director, (202) 533-2500, cabod@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com