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| Pickett Industrial Park, Alexandria, VA |
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| Sue Carras |
WASHINGTON, D.C. – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $23.6 million in
acquisition financing for a 100-percent-leased, three-building warehouse
complex totaling 246,145 square feet within Pickett Industrial Park in
Alexandria, Virginia.
Working on behalf of the
borrower, an affiliate of JBG Core Venture I, L.P., HFF placed the 10-year,
floating-rate loan with SunTrust Bank.
In June, HFF closed the sale of this asset to JBG Core Venture I, L.P.,
a programmatic joint venture between CBRE Global Investment Partners and The
JBG Companies.
Situated on 10.84 acres at
841-929 South Pickett Street inside the Capital Beltway in Alexandria,
Virginia, Pickett Industrial Park is less than a mile and a half from
Interstate 395.
The Pentagon, Fort Belvoir and Reagan
Washington National Airport are all less than 10 miles away from the
property. The one-story buildings have
24’ clear heights and a total of 34 dock-high loading doors with seven
drive-ins.
The complex is 100 percent
leased to six tenants, including General Services Administration, Commercial
Carpets of America, Michael Baker Corporation and Habitat for Humanity of
Northern Virginia.
The HFF debt placement
team representing the borrower was led by Sue
Carras, Walter Coker and Brian Crivella.
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
Twitter @TheJBGCompanies
and
Facebook (facebook.com/TheJBGCompanies).
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