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| Dan McIntyre |
WASHINGTON, D.C. – HFF announced today that it has arranged
a $65.0 million non-recourse revolving construction loan for 7940 Jones
Branch Drive, a 307,000-square-foot office development in Tysons Corner,
Virginia.
HFF worked exclusively on behalf of the borrower, a joint
venture between MRP Realty and Rockpoint Group, L.L.C., to arrange the loan
that was agented by EagleBank, with Burke & Herbert Bank acting as a
participant bank in the transaction.
Due for completion in 2014, the development is approximately
50 percent pre-sold to Logistics Management Institute (LMI), a private
non-profit strategic consultancy organization founded in 1961.
This to-be-built,
11-story office building is located adjacent to the newly-completed Jones
Branch connector road, and offers prime signage opportunities with frontage on
both the Capital Beltway (I-495) and the Dulles Toll Road.
The HFF team representing the borrower was led by director Dan
McIntyre.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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