HFF Arranges $47M Refinancing of Two-Building Office Portfolio in Metro D.C.
RESTON, VA. — HFF has secured $47 million in loans for the refinancing of Reston Metro Center One & Two, a two-building office portfolio in Reston, roughly 20 miles west of Washington, D.C. Cary Abod and Robert Carey of HFF secured the floating-rate loan through AllianceBernstein on behalf of the borrower, a joint venture between Coretrust Capital Partners LLC and Normandy Real Estate Partners. The portfolio totals 185,671 square feet and is located at 12120 and 12180 Sunrise Valley Drive, within walking distance to the future Reston Town Center Silver Line Metrorail Station. At the time of sale, Reston Metro Center Two was fully leased. Together, the portfolio was 35 percent leased.