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| The View apartments, 4000 Wilson Boulevard Arlington, VA |
WASHINGTON, D.C. – HFF announced it has arranged $65 million
in financing for The View, a 17-story, 257-unit, trophy apartment tower
in the Liberty Center enclave at the Ballston Metro Station in Arlington,
Virginia.
HFF worked exclusively on behalf of Ashton Park Associates
III, LLC, an affiliate of The Shooshan Company, to place the 15-year,
fixed-rate loan with Prudential Mortgage Capital Company.
Loan proceeds were used to retire the
existing construction debt on the property, which HFF secured for the borrower
in 2012.
The View is located at 4000 Wilson Boulevard in the
Rosslyn-Ballston Corridor of Arlington.
Completed in 2014, the LEED Silver luxury property includes studio, one-
and two-bedroom units with open floor plans and floor-to-ceiling windows
offering unobstructed views of Washington, D.C.
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| Sue Carras |
Community amenities
include a concierge desk, fitness center, club room, private courtyard, movie
screen and common area rooftop with plunge pools. The property also includes
9,000 square feet of ground-floor retail space with outdoor café seating.
The View is the residential cornerstone of the second phase
of Liberty Center, a 2.3 million-square-foot, mixed-use project that has
achieved Arlington’s first LEED Gold certification for a neighborhood
development.
Upon completion, the transit-oriented, nine-building Liberty
Center development will include hotel, retail, office and multi-housing
components centered on open public space.
The HFF debt placement team was led by Sue Carras, Walter
Coker and Brian Crivella.
“The permanent loan for this property was secured while it
was still in lease-up to reduce interest rate risk and to take advantage of
historically low interest rates,” commented Coker.
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| Walter Coker |
Founded in 1986, The Shooshan Company is a privately owned
investor and full-service developer, leading innovative real estate projects
built on integrity and community commitment.
The Shooshan Company
has now planned, developed and invested in more than three million square feet
of mixed-use space in Arlington, including some of the market’s most prominent
office buildings, high-end residential high-rise buildings and most notable
retail locations in Northern Virginia.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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