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| CVS Pharmacy, Tysons Corner, VA |
WASHINGTON, D.C. – HFF announced today that it has arranged
$18.5 million in financing for Rappaport to acquire the newly constructed CVS
in Tysons Corner, Virginia, located at the corner of Leesburg Pike (Route
7) and Gallows Road, across from Tysons Corner Center.
HFF worked exclusively on behalf of Rappaport to secure the
seven-year, fixed-rate loan through EagleBank.
The HFF team representing the borrower was led by managing director Mark
Remington.
“This was a win-win outcome, Rappaport benefitted from the
competitive lending environment and EagleBank was able to expand its existing
relationship with Rappaport,” said Remington.
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| Mark T. Remington |
Rappaport provides a full spectrum of retail services
including leasing, tenant representation, property management, construction
management, development, marketing, consulting and receivership services for
retail space in shopping centers and mixed-use properties throughout
Washington, D.C., Maryland and Virginia.
Headquartered in McLean, Virginia, Rappaport’s portfolio
includes retail space in urban and suburban locations owned by affiliates of
Rappaport, many local investors, and institutional clients.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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