Real Estate Journal — Financial Digest — October 16 - 29, 2015 — 11A
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F inancial D igest
CLEAN , VA — Matan Companies confirmed that it has Bundy, Masi and Mahaffey of Cushman & Wakefield’s Northern VA team handle leasing Matan refinances with Eagle Bank; teams up with C&W and GTM Architects for repositioning M last several years and plan- ning a move from the building when their lease expires in April 2016. Maryland, the Cushman team brings a track record and the relationships in Northern Vir- ginia that we need on this project.”
closed on a new loan with Eagle Bank and has plans for major capital improvements to their 143,000 s/f building located at 1750 Old Meadow Rd. in McLean. The rebranded 1750 Tysons East will undergo a major transformation, taking advantage of its walkability to the Silver Line’s McLeanMetro station. Matan has hired GTM Architects f or the redesign, and the focus will be on making the building more appealing from the street and more pe- destrian friendly. The redesign will also feature all new lobby, interior, and exterior common areas, bathrooms, deli, fitness center and conferencing center. “We are happy to team up again with Eagle Bank,” said Matan Companies’ principal, Mark Matan . “We love the lo- cation and the building, and af- ter 15 years as a single-tenant building it’s time for a major refresh.” The longtime tenant SageNet, formerly Spacenet, has been downsizing over the Lincoln Appraisal attains AMC license in Virginia VIRGINIA — Lincoln Appraisal & Settlement Services announced the ad- dition of an AMC license ap- proval in the Commonwealth of Virginia. This adds to the continuously growing list, with Lincoln Appraisal now licensed to provide appraisal management services in 36 states across the country. Lincoln Appraisal is an Appraisal Management Com- pany (AMC) as defined by the Dodd-Frank Wall Street Reform and Consumer Protec- tion Act. Lincoln Appraisal is now currently licensed to provide appraisal manage- ment services in all states that require state licensure. As new states adopt AMC licensing requirements, Lin- coln Appraisal will continue to obtain all new state licenses as needed. “L i nc o l n Appra i sa l i s pleased to be licensed within the Commonwealth, offering quality appraisal manage- ment services and real estate valuations throughout Virgin- ia,” said George Demopulos, MRICS, RA, SRA, AI-RRS , president and chief valuations officer of Lincoln Appraisal. n
Matan announced earlier in the summer that it had hired Cushman and Wakefield ’s Northern Virginia-based team of Matt Bundy , Josh Masi , and Jon Mahaffey to head up the leasing assignment. “We are excited to team up with Cushman & Wakefield on this project,” said JP Matan , di- rector of leasing for the Matan Companies. “With the majority of our portfolio in Suburban
With this project and sev- eral others in the acquisition pipeline, Matan is looking to increase their presence in the Northern Virginia/Tysons market. “Our team is thrilled to part- ner with Matan in reposition- ing this Metro-located Tysons asset with Beltway signage and great access,” said Bundy. “This unique full-building op-
1750 Tysons East lobby rendering
portunity will provide an effi- cient and attractive solution as Matan renovates the building,
solving for tenants’ millennial workforce desires of 2016 and beyond.” n
FANNIE MAE LOAN $152,965,000 10-year fixed, 2 years I/O 2,183-unit multifamily portfolio Mid-Atlantic region
FREDDIE MAC LOAN $39,204,000 10-year fixed, 4 years I/O 310-unit mid-rise apartments Falls Church, VA
FHA 232/223(F) LOAN $23,691,700
CONDUIT LOAN $28,400,000 10-year fixed, 2 years I/O 264-unit garden apartments Delmar, DE
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