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| Park Plaza 1 and 11, Rockville, MD |
WASHINGTON,
DC. –– Holliday Fenoglio Fowler, L.P. (HFF) announces a $36.5
million refinancing for Park Plaza I and II, two Class A office buildings
totaling 264,000 square feet in Rockville, Maryland.
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| Daniel McIntyre |
The HFF team
worked on behalf of the borrower, Marcus Partners, to arrange a floating-rate
loan through EagleBank.
Loan proceeds were used to refinance the original
acquisition loan and provide funds for the borrower to continue implementing
its successful business plan.
Park Plaza I and
II is located at 2099 and 2101 Gaither Road proximate to Interstate 270 and
King Farm in North Rockville.
The property was most recently renovated to include a high-end café, fitness facility, yoga studio, conference center, new courtyard space, improved building systems, and refreshed lobbies.
The property was most recently renovated to include a high-end café, fitness facility, yoga studio, conference center, new courtyard space, improved building systems, and refreshed lobbies.
The HFF debt
placement team representing the borrower included senior director Daniel
McIntyre and director Jay Graham.
Marcus Partners is a value-oriented real estate investment,
management and development firm based in Boston, Massachusetts with additional
offices in Metro New York and Metro Washington D.C.
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| Jay Graham |
Marcus Partners has built its reputation
as a real estate investment firm grounded by a deep belief in value investing
and is experienced in the complexities of real estate and capital markets.
It currently owns and / or manages a
diversified portfolio that includes approximately 7 million square feet along
the East Coast. For more information please visit marcuspartners.com.
CONTACTS:
DAN MCINTYRE
HFF Senior Director
(202) 533-2500
KRISTEN MURPHY
HFF Director, Public
Relations
(617) 338-0990
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