HFF secures $72 million financing for Plaza at Landmark in Fairfax, Virginia
WASHINGTON, D.C. – November 16, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $72 million refinancing for Plaza at Landmark, a 437,299-square-foot, grocery-anchored regional power center in Fairfax, Virginia.
Working on behalf of the borrower, Landmark HHH, LLC, HFF placed the 18-year, fixed-rate loan with AIG Investments.
Plaza at Landmark comprises two multi-tenant buildings and individual pad sites. The 98.2-percent-leased center is home to national and regional tenants, including Shoppers, Marshalls, Ross Dress for Less, LA Fitness, Total Wine & More, Dollar Tree, Verizon, DFurniture Galleries, BB&T, Five Below, GameStop and Chipotle. Situated on 22.65 acres at 6244 Little River Turnpike, Plaza at Landmark is in Fairfax 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, D.C. metropolitan area. The center is located at the intersection of Route 236 (Little River Turnpike) and Beauregard Street and 100 yards from the Interstate 395 exit ramp.
The HFF debt placement team representing the borrower was led by managing director Cary Abod and senior 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 extremely 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 financing. The recently renovated Plaza at Landmark is now well positioned for outstanding long term growth and success for our tenants and the community we serve.”
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national 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.