HFF Secures $97 Million Refinancing for Sequoia Plaza in Arlington, Virginia

8/18/16

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $97 million refinancing for Sequoia Plaza, a three building, Class A office complex totaling 369,215 square feet in Arlington, Virginia.

Working on behalf of Foulger Pratt, HFF placed the three-year, floating-rate loan with Aareal Capital Corporation. Loan proceeds were used to retire existing financing and fund leasing costs.

Sequoia Plaza is located at 2100, 2110 and 2120 Washington Boulevard directly across the Potomac River from Washington, D.C. Situated on a 5.8-acre site at the confluence of Washington Boulevard and Route 50, Sequoia Plaza is approximately two miles from the Pentagon and five miles from Ronald Reagan National Airport in Northern Virginia. The 83-percent-leased property is anchored by AAA credit rated Arlington County, which leases more than 76 percent of the space and operates its School Board and Department of Human Services departments on site.

The HFF debt placement team representing the borrower was led by managing director Cary Abod and associate director Robert Carey.

About Foulger Pratt

Established in 1963, Foulger-Pratt is a real estate development firm distinguished by its long-term investment focus and extensive experience executing successful mixed-use, transit-oriented projects throughout the Washington, D.C. metro area. The firm’s intimate knowledge of virtually every submarket in this robust and stable regional economy has enabled it to develop more than 13.7 million square feet of commercial office, retail space, and multifamily residential projects. From acquisition to development, construction to asset management, the company’s fully integrated teams create value at all stages of an investment’s lifecycle.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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.