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| Executive Plaza, 6120 and 6130 Executive Boulevard, White Flint District, North Bethesda, MD |
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| Susan Carras |
WASHINGTON, DC – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $37.180 million in bridge
financing for Executive Plaza, a
two-building Class A office project totaling 328,457 square feet in North
Bethesda, Maryland.
Working on behalf of the
borrower, an affiliate of Angelo Gordon & Company and Monument Realty, LLC,
HFF placed the 36-month, floating-rate loan with Citizens Bank. Loan proceeds will be used to refinance the
existing loan and to provide funds for continuing capital improvements and
leasing related costs.
Executive Plaza is located
at 6120 and 6130 Executive Boulevard in
the White Flint district of North Bethesda.
The 13-acre site is close to the Capital Beltway (I-495) and Interstate
270 via Montrose Parkway, and walkable to the White Flint Metrorail
station.
Pike and Rose, the new
office, retail, residential, restaurant and entertainment destination that
delivered this year, is also within walking distance of the property. The two eight-story buildings feature a
four-story, 866-space parking garage and 25,683 square feet of lower level
space in 6120 Executive Boulevard that will be improved with a fitness facility
and conference center.
HFF’s debt placement team
was led by Susan 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
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