Monday, June 16, 2014

HFF arranges $18.5 million financing for retail property in Tysons Corner, Virginia


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.

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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