Square Mile Originates $90.5M Loan for Office Building in Fort Washington, Pennsylvania

FORT WASHINGTON, PA. — Square Mile Capital Management has originated a $90.5 million loan secured by Fort Washington Technology Center, located at 1100 Virginia Drive in Fort Washington. The borrower was an entity owned by funds managed by Greenfield Partners, which acquired the property in 2013 as part of a multi-state office portfolio. Built in 1964, the 751,143-square-foot multi-tenant office building features a fitness center, basketball court, Starbucks Coffee shop and cafeteria. Jay Marshall of HFF arranged the financing for the borrower. The loan includes proceeds to repay existing debt and fund future property improvements and leasing costs.