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| Jefferson Plaza, 1401 South Clark Street, Crystal City Submarket, Arlington, VA |
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| Cary Abod |
WASHINGTON, DC, Sept. 28,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged
refinancing for Jefferson Plaza, a
270,286-square-foot office building located at 1401 S. Clark Street in the
Crystal City submarket of Arlington, Virginia.
HFF worked on behalf of an
affiliate of Lowe Enterprises Investors to place the floating-rate loan with
Square Mile Capital. Loan proceeds will
be used to retire existing financing that HFF secured in 2013, and provide good
news funding for lease-up.
With common areas
renovated in 2013 and 2016, Jefferson Plaza is an institutional-quality office
building in Crystal City offering tenants a full amenity package including a
fitness center, conference center and on-site café.
Located in the heart of Crystal City,
Jefferson Plaza has direct access to the D.C. Metrorail system and is less than
a half-mile from Ronald Reagan National Airport, two miles from the Pentagon
and less than three miles from downtown Washington, D.C.
The HFF debt placement
team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.
“As the
Crystal City submarket continues to recover from BRAC and sequestration,
Jefferson Plaza is positioned to benefit from increased leasing velocity,” said
Abod. “Jefferson Plaza offers tenants
first-class build-outs and best-in-class amenities at competitive rates.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
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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