WASHINGTON--(BUSINESS WIRE)--Holliday Fenoglio Fowler, L.P. (HFF) announces $104 million in financing for Greensboro Park, a two-building office portfolio totaling 505,085 square feet in Tysons, Virginia.
The HFF team worked on behalf of the borrower, Velocis and Altus Realty, to secure the five-year, floating-rate loan through JP Morgan Chase & Company. Loan proceeds were used to acquire the property.
Greensboro Park is located at 8180 and 8200 Greensboro Drive in the Northern Virginia submarket of Tysons. The property has superior connectivity to the entire Washington, D.C. metropolitan area via the Greensboro Metro and Tysons Corner stations as well as Leesburg Pike and the Dulles Access Toll Road. Additionally, Greensboro Park is proximate to many of the area’s sought-after retail locations such as The Boro, Tysons Central, Tysons Galleria and Tysons Corner Center. Renovated in 2015, the 11- and 14-story towers feature a premier amenity package, including a fitness center, conference facilities, tenant lounges, on site café and concierge service. Greensboro Park is anchored by BB&T and is collectively 83 percent leased to 59 tenants.
The HFF debt placement team representing the borrower consisted of managing director Cary Abod and director Robert Carey.
Velocis consists of two entities: Velocis Funds and Velocis Advisors. Velocis Funds are private equity real estate funds, active in the acquisition, operation/management and disposition of commercial real estate in the United States. Additionally, Velocis Advisors provides asset management and advisory services to both investors and real estate clients. Additional information about Velocis can be found at velocis.com.
About Altus Realty
Altus was formed in 2006 to provide private and institutional investors in the Mid-Atlantic, and particularly metropolitan Washington, D.C., with an operating and investment partner who can execute complex acquisitions, identify and realize development opportunities, and act as the long-term steward of its partners’ interests. www.altusre.com.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.