CBRE|Hampton Roads secures financing on office buildings
CBRE|Hampton Roads has arranged $7.5 million in long-term, fixed-rate financing for two suburban office buildings in Virginia Beach.
The firm said the purpose of the loan was to refinance and secure permanent financing taking advantage of the current low-interest rate environment. The properties, totaling about 105,000 square feet, are the Chadwick Building and the Grayson Building at Corporate Woods. Miami-based 5041 Corporate Woods LLC owns both buildings.
John C. Richards Jr., vice president of CBRE Capital Markets’ Debt & Equity Finance group, arranged the financing with one of his correspondent permanent lenders.
In another transaction, CBRE|Hampton Roads also has been selected by Lend Lease as the exclusive leasing agent for 155 Kingsley Lane, a 105,000-square-foot medical office building in Norfolk.
Located on the Bon Secours DePaul Medical Campus off Granby Street, the $25 million, four-story medical office building has up to 50,000 square feet available for third-party medical tenants.
CBRE|Hampton Roads’ Perry Frazer, Chris Kieran and Mac Weaver will handle the leasing and marketing of the property.