8A — December 9 - 22, 2016 — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest 437,299 s/f grocery-anchored regional power center
HFF secures $72 million financing for Plaza at Landmark in Fairfax, Virginia
AIRFAX, VA — Holli- day Fenoglio Fowler, L.P. (HFF) announced that it has secured a $72 million refinancing for Plaza at Landmark, a 437,299 s/f, grocery-anchored regional power center in Fairfax. Working on behalf of the borrower, Landmark HHH, LLC , HFF placed the 18-year, fixed-rate loan with AIG In- vestments . Plaza at Landmark compris- es two multi-tenant buildings and individual pad sites. The 98.2%-leased center is home to national and regional tenants, including Shoppers, Mar- F
shalls, Ross Dress for Less, LA Fitness, Total Wine & More, Dollar Tree, Verizon, DFur- niture Galleries, BB&T, Five Below, GameStop and Chipo- tle. Situated on 22.65 acres at 6244 Little River Turnpike, Plaza at Landmark is in Fair- fax County on the border of Alexandria, one of the nation’s most affluent communities, and in the Alexandria/I-395 Corridor submarket, one of the strongest in the Washington, DC metropolitan area. The center is located at the inter- section of Rte. 236 (Little River Turnpike) and Beauregard St. and 100 yards from the Inter- state 395 exit ramp. The HFF debt placement team representing the bor- rower was led by managing director Cary Abod and se- nior managing director Dana Brome . “Landmark HHH, LLC and its affiliates are very fortunate to have a close, productive relationship with HFF, which has lasted over 25 years,” said Marshall Ruben , principal of the borrower. “We are ex- tremely pleased that through the efforts of the HFF team we were able to work with the first class, professional real estate lending group at AIG and close this very beneficial long term, fixed-rate financ- ing. The recently renovated Plaza at Landmark is nowwell positioned for outstanding long term growth and success for our tenants and the com- munity we serve.” n U.S. Realty Capital arranges $11 million WILMINGTON, DE — Bruce Robertson, Jr. , a partner in the Philadelphia office of U.S. Realty Capi- tal (“USRC”) , and Jane Bender , senior investment manager, successfully placed $11 million in construction financing for Phase I of a to-be- built 68 unit, elevator-served luxury apartment building with garage parking, located on Wilmington’s prestigious waterfront. The competitive rate is tied to the 30 day Libor, and is interest-only with a 36 month term. The loan was structured to include both construction funding associated with costs to develop Phase I in addition to a land loan associated with the future Phase II of the project. n
Plaza at Landmark
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