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| 1550 Westbranch Drive, Tysons Corner, McLean, VA |
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| Daniel McIntyre |
WASHINGTON, D.C. – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has secured a $30 million bridge loan for 1550 Westbranch Drive, a 152,000-square-foot, Class A office
building in the Tysons Corner area of McLean, Virginia.
Working on behalf of the
borrowers, affiliates of Griffith Properties, LLC and Rubenstein Partners, HFF
placed the three-year, floating-rate bridge loan with EagleBank. The loan has two one-year extension options
and is being used to finance the acquisition and repositioning of the property.
1550 Westbranch Drive is
situated on a 5.4-acre site close to Tysons Galleria, two Metro stations,
Dulles Toll Road, and the new Jones Branch Drive interchange with the I-495
express lanes. For added convenience,
shuttle service is planned from the property to the Metro stations and area
amenities.
Completed in 2001, the six-story building is
fully leased to MITRE Corporation, a not-for-profit organization, through late
2016. Amenities at 1550 Westbranch
include a conference center and break-out area, fitness center with shower
facilities, café, and a 470-space covered parking garage.
The HFF debt placement
team representing the borrower was led by director Daniel McIntyre.
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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