Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $227 million sale of and arranged $175 million in financing for Tysons Metro Center, a four-building, Class A office portfolio totaling 763,965 square feet in Tysons, Virginia.
HFF marketed the property on behalf of the seller, an affiliate of Beacon Capital Partners, and procured the buyer, Meridian Group. Additionally, HFF worked on behalf of the new owner to secure the floating-rate acquisition loan through Starwood Property Trust, Inc.
Tysons Metro Center is located at 8251-8285 Greensboro Drive, within walking distance of the Greensboro Metrorail Station, providing access to the entire Washington, D.C. metropolitan area. Nearby amenities include Tysons Galleria and Tysons Corner Center as well as the future mixed-use Boro development, featuring a flagship Whole Foods. The 91-percent-leased portfolio is anchored by Booz Allen Hamilton and Alarm.com. The 10.03-acre site offers parking for more than 2,300 vehicles.
The HFF investment sales team representing the seller was led by Jim Meisel, Dek Potts, Andrew Weir, Stephen Conley and Matt Nicholson.
HFF’s debt placement team representing the borrower was led by Sue Carras, Cary Abod, Dan McIntyre and Rob Carey.
About Beacon Capital Partners
Beacon Capital Partners is a tenant-focused private real estate investment firm with a 70-year legacy of successful real estate development, ownership and management. Beacon invests in high-quality office properties in core urban markets with highly-educated workforces. Beacon has raised eight investment vehicles totaling over $12 billion in equity since 1998 from a diverse investor group including leading endowments, foundations, public, private and foreign pension funds, financial institutions, and sovereign wealth funds. This equity capital has fueled 150 office investments, including joint venture partnerships, with a projected total value of approximately $30 billion (including leverage and JV partner equity).
About Meridian Group
The Meridian Group is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, Meridian has acquired and developed more than 14 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, D.C. market. To learn more, visit Meridian’s website at www.tmgdc.com.
About Starwood Property Trust, Inc.
Starwood Property Trust, Inc. (STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company's core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. Through its subsidiary LNR Property, LLC, the Company also operates as the largest commercial mortgage special servicer in the United States.
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (HF). HFF operates out of 24 offices and is 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 sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.