HFF secures $97 million refinancing for Sequoia Plaza in Arlington
Holliday Fenoglio Fowler LP (HFF) has secured a $97 million refinancing for Sequoia Plaza. The three building, Class A, 369,215- square-foot office complex is located in Arlington.
Working on behalf of Foulger Pratt, HFF, based in Washington, D.C., placed the three-year, floating-rate loan with Aareal Capital Corp. Loan proceeds were used to retire existing financing and fund leasing costs.
Sequoia Plaza is located at 2100, 2110 and 2120 Washington Boulevard across the Potomac River from Washington, D.C. Situated on a 5.8-acre site at the confluence of Washington Boulevard and Route 50, the complex is about two miles from the Pentagon and five miles from Ronald Reagan National Airport in Northern Virginia.
According to HFF, the property is 83 percent leased and is anchored by Arlington County, which leases more than 76 percent of the space.
The HFF debt placement team representing the borrower was led by Managing Director Cary Abod and Associate Director Robert Carey.