 |
| Sue Carras |
WASHINGTON, D.C. -– Holliday Fenoglio Fowler, L.P. (HFF)
announced it has arranged $65 million in financing for Tellus, a 254-unit, 16-story, Class A mixed-use community in
Arlington, Virginia’s Courthouse neighborhood.
HFF worked exclusively on
behalf of the developer, a joint venture between Jefferson Apartment Group and
Erkiletian Development Company, to secure the 15-year, fixed-rate loan through
TIAA-CREF.
Loan proceeds were used to
replace construction debt on the property, which is managed by JAG Management
Co.
Tellus is located at 2009
14th Street North two blocks from the Courthouse Metro (Orange and Silver
lines) in the heart of Arlington’s Rosslyn-Ballston Corridor.
Completed in 2014, the
transit-oriented property offers views of downtown Washington, D.C. and has
studio, one- and two-bedroom units averaging 789 square feet each.
The LEED Gold property features a rooftop
swimming pool, indoor yoga studio, state-of-the-art fitness center, business
center, oversized courtyard, cyber café, 273-space parking garage and more than
13,300 square feet of street-level retail and office space. At closing, the residential portion of the
property was 93 percent leased.
The HFF team was led by Sue Carras, Walter Coker and Brian Crivella.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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