WASHINGTON, D.C.--(BUSINESS WIRE)--Aug. 11, 2009--
The Washington, D.C. and Boston offices of HFF (Holliday Fenoglio
Fowler, L.P.) announced that they have arranged $139 million in
financing for a four-property retail portfolio in Virginia.
HFF senior managing director Todd Stressenger, managing director Mark
Remington and director Coleman Benedict worked exclusively on behalf of
the borrower, Federal Realty Investment Trust. Prudential Mortgage
Capital Company, the commercial mortgage lending business of Prudential
Financial, Inc., provided the five-year, fixed-rate loan for the
portfolio, which was previously unencumbered with debt. The transaction
closed in early June.
“HFF obtained a $139 million loan from Prudential Mortgage Capital
Company, a strong achievement in this challenging credit environment,”
said Remington.
The portfolio totals 867,404 square feet. Individual property details
are listed below:
|
Property
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Size
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Year Built/Renovated
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Anchor Tenant
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Idylwood Plaza
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73,382 Square Feet
|
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1991
|
|
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Whole Foods
|
|
Falls Church, VA
|
|
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Leesburg Plaza
|
|
|
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235,528 Square Feet
|
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|
1967/2007
|
|
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Giant
|
|
Leesburg, VA
|
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Loehmann’s Plaza
|
|
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261,894 Square Feet
|
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1971/2007
|
|
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Giant
|
|
Falls Church, VA
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Pentagon Row
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296,600 Square Feet
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2001-2002
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Harris Teeter
|
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Arlington, VA
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Federal Realty Investment Trust is a publicly-traded real estate
investment trust that has a current portfolio of 83 retail assets
totaling 18.1 million square feet.
HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading
provider of commercial real estate and capital markets services to the
U.S. commercial real estate industry. HFF offers clients a fully
integrated national capital markets platform including debt placement,
investment sales, structured finance, private equity, loan sales and
commercial loan servicing. www.hfflp.com.
Source: HFF
HFF
HFF Senior Managing Director
TODD S. STRESSENGER, 617-338-0990
tstressenger@hfflp.com
or
HFF
Managing Director
MARK T. REMINGTON, 202-533-2500
mremington@hfflp.com
or
HFF
Associate Director, Marketing
KRISTEN M. MURPHY, 713-852-3500
krmurphy@hfflp.com