HFF Closes $227 Million Sale of and Arranges $175 Million in Financing for Tysons Metro Center in Tysons, Virginia
February 24 2017 - 4:17PM
Business Wire
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
closed the $227 million sale of and arranged $175 million in
financing for Tysons Metro Center, a four-building, Class A office
portfolio totaling 763,965 square feet in Tysons, Virginia.
HFF marketed the property on behalf of the seller, an affiliate
of Beacon Capital Partners, and procured the buyer, Meridian Group.
Additionally, HFF worked on behalf of the new owner to secure the
floating-rate acquisition loan through Starwood Property Trust,
Inc.
Tysons Metro Center is located at 8251-8285 Greensboro Drive,
within walking distance of the Greensboro Metrorail Station,
providing access to the entire Washington, D.C. metropolitan area.
Nearby amenities include Tysons Galleria and Tysons Corner Center
as well as the future mixed-use Boro development, featuring a
flagship Whole Foods. The 91-percent-leased portfolio is anchored
by Booz Allen Hamilton and Alarm.com. The 10.03-acre site offers
parking for more than 2,300 vehicles.
The HFF investment sales team representing the seller was led by
Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matt
Nicholson.
HFF’s debt placement team representing the borrower was led by
Sue Carras, Cary Abod, Dan McIntyre and Rob Carey.
About Beacon Capital
Partners
Beacon Capital Partners is a tenant-focused private real estate
investment firm with a 70-year legacy of successful real estate
development, ownership and management. Beacon invests in
high-quality office properties in core urban markets with
highly-educated workforces. Beacon has raised eight investment
vehicles totaling over $12 billion in equity since 1998 from a
diverse investor group including leading endowments, foundations,
public, private and foreign pension funds, financial institutions,
and sovereign wealth funds. This equity capital has fueled 150
office investments, including joint venture partnerships, with a
projected total value of approximately $30 billion (including
leverage and JV partner equity).
About Meridian Group
The Meridian Group is a real estate investment and development
firm based in Bethesda, Md. Since its inception in 1993, Meridian
has acquired and developed more than 14 million square feet of
office, residential, hotel, mixed-use, and land with a focus on the
metropolitan Washington, D.C. market. To learn more, visit
Meridian’s website at www.tmgdc.com.
About Starwood Property Trust,
Inc.
Starwood Property Trust, Inc. (NYSE: STWD), an affiliate of
global private investment firm Starwood Capital Group, is the
largest commercial mortgage real estate investment trust in the
United States. The Company's core business focuses on originating,
acquiring, financing and managing commercial mortgage loans and
other commercial real estate debt and equity investments. Through
its subsidiary LNR Property, LLC, the Company also operates as the
largest commercial mortgage special servicer in the United
States.
About HFF
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and
HFF Securities Limited (collectively, “HFFS”) are owned by HFF,
Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading
provider of commercial real estate and capital markets services to
the global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets
platform including debt placement, investment sales, equity
placement, advisory services, loan sales and commercial loan
servicing. For more information please visit hfflp.com or follow
HFF on Twitter @HFF.
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version on businesswire.com: http://www.businesswire.com/news/home/20170224005589/en/
HFFJAMES MEISEL, (202) 533-2500HFF Senior Managing
Directorjmeisel@hfflp.comorSTEPHEN “DEK” POTTS JR., (202)
533-2500HFF Senior Managing Directordpotts@hfflp.comorSUSAN
CARRAS, (202) 533-2500HFF Senior Managing
Directorscarras@hfflp.comorCARY ABOD, (202) 533-2500HFF
Senior Managing Directorcabod@hfflp.comorKRISTEN MURPHY,
(617) 338-0990HFF Director, Public Relationskrmurphy@hfflp.com
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