Monday, February 25, 2013

$65 million non-recourse construction loan arranged by HFF for Tysons Corner, VA office development



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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