HFF Secures $32.2M Refinancing Loan for Office Building in Northern Virginia

TYSONS, VA. — HFF has secured a $32.2 million refinancing loan on behalf of True North Management Group for 7600 Leesburg Pike, a 219,000-square-foot office building in Tysons, about 16 miles west of Washington, D.C. The loan has a floating interest rate and a three-year term. The office building was built in the 1980s and was renovated in 2016. True North plans to further renovate the asset this year, adding on-site amenities, a deli and a fitness center. Loan proceeds were used to refinance the original acquisition loan and provide funds for the borrower to implement its business plan to lease up and stabilize the asset.