$68.4 MILLION LOAN SECURED FOR MEADWESTVACO HEADQUARTERS

RICHMOND, VA. — MeadWestvaco has obtained $68.4 million in financing for its 311,000-square-foot build-to-suit headquarters. The property is located at Foundry Park in Richmond. The 5-year, fixed-rate loan carries a 15-year amortization. Geoff McVeigh of Berkadia Commercial Mortgage's Richmond office arranged the loan, which was funded by Deutsche PostBank AG through PB Capital Corp.