
Dealmaker: HFF Secures $267M in Va., Calif.
Holliday Fenoglio Fowler, Houston, sold Tysons Metro Center for $227 million and arranged $175 million in financing for the four-building Class A office portfolio in suburban Washington, D.C.
HFF marketed the property for Beacon Capital Partners, Boston. Meridian Group, Bethesda, Md., purchased the 764,000-square-foot property and Starwood Property Trust, Greenwich, Conn., provided the floating-rate loan.
Booz Allen Hamilton and Alarm.com anchor the 91-percent-leased portfolio near the Tysons Galleria and Tysons Corner Center shopping centers as well as the future 4-million-square-foot mixed-use The Boro development.
HFF Senior Managing Directors Jim Meisel, Dek Potts and Andrew Weir led the investment sales team with Executive Managing Director Stephen Conley and Associate Director Matt Nicholson. Senior Managing Director Sue Carras, Managing Director Cary Abod, Director Dan McIntyre and Associate Director Rob Carey secured the financing.
In the San Diego-area community San Marcos, Calif., HFF Director John Chun, Associate Sebastian Trujillo and Real Estate Analyst AJ Manas secured $92 million to refinance Grand Plaza, a 357,000-square-foot retail power center anchored by Sprouts Farmers Market.
HFF worked on behalf of United American Properties and World Premier Investments, Newport Beach, Calif., to place the 25-year fixed-rate loan with J.P. Morgan Asset Management, New York.
“Given the impressive tenant roster and historically high occupancy levels, we were able to secure competitive terms on the longer-term duration loan,” Chun said.