HFF SECURES $112 MILLION CONSTRUCTION LOAN FOR ARLINGTON OFFICE COMPLEX

by admin

ARLINGTON, VA.— Bill Asbill, Bob Donhauser and Cary Abod of Holliday Fenoglio Fowler’s Washington, D.C. office have arranged a $112 million construction loan for National Gateway I and II, a 438,800-square-foot, Class A office complex in Arlington, on behalf the The Meridian Group. The financing is structured as a 3-year adjustable-rate loan with Corus Bank. The project is part of the 4.5 million-square-foot Potomac Yards Arlington mixed-use development and will include two 9-story towers with 367,382 square feet of office space and 71,418 square feet of retail, inclusive of a 46,600-square-foot health club pre-leased to LA Fitness International. Wachovia has also pre-leased space for a bank branch. The office complex will be located at the intersection of Glebe Road and Jefferson-Davis Highway, adjacent to the Washington Reagan National Airport.

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