HFF announces $36.5 million refinancing of Park Plaza I and II in Rockville, MD

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.

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 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.

Jay Graham

The firm invests in real estate and related assets, pursuing a mix of strategic and opportunistic investment strategies across office, medical office, research and development, multifamily, warehouse, and industrial properties.

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

dmcintyre@hfflp.com

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com