{"id":1004054929,"date":"2012-12-11T07:50:56","date_gmt":"2012-12-11T15:50:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004054929"},"modified":"2022-12-08T18:52:27","modified_gmt":"2022-12-09T02:52:27","slug":"cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/","title":{"rendered":"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus"},"content":{"rendered":"<p><em>By Scott Baltic, Contributing Editor\u00a0<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004054930\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/metro-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif\" data-orig-size=\"1600,1200\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Metro Park\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif?w=1024\" class=\"alignleft size-medium wp-image-1004054930\" title=\"Metro Park\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park-300x225.gif\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p>CBRE Capital Markets, of Washington, D.C., has arranged $212 million in financing for Metro Park, a 37-acre, seven-building, 1.15-million-square-foot Class A office campus in Alexandria, Va., CBRE announced Monday. The park\u2019s owner is Clarion Partners, of New York.<\/p>\n<p>CBRE worked exclusively on behalf of Clarion to arrange the seven-year loan through SunTrust Bank and HSBC Credit Corp. (USA) with a 50 percent LTV and a rate of approximately 3 percent.<\/p>\n<p>\u201cDespite the headlines about the fiscal cliff and sequestration, we received interest from both banks and life companies,\u201d said Joe Donato, the CBRE executive VP who led the team in arranging the financing. \u201cThe quality of this portfolio combined with a low leverage request from a top-tier borrower resulted in favorable financing terms.\u201d<\/p>\n<p>Sited in the Springfield submarket near Fort Belvoir and the National Geospatial Intelligence Agency headquarters, Metro Park is leased to the General Services Administration and some of the nation\u2019s largest federal government contractors. The campus is described as park-like, with a water feature, extensive green spaces, a grand gazebo, park benches, walking paths and wildlife sculptures.<\/p>\n<p>Metro Park is served by the Franconia\u2013Springfield station, the southwestern terminus of the Washington Metropolitan Area Transit Authority\u2019s Blue Line. The station also provides Virginia Railway Express, Metrobus, and local and regional bus service.<\/p>\n<p>The park is managed by Transwestern, and the leasing agent is Avison Young.<\/p>\n<p>\u201c2012 has been a great year for both lenders and borrowers,\u201d Donato told <em>Commercial Property Executive<\/em>. \u201cMany life companies increased their allocations to mortgages and most exceeded those targets, banks continue to strengthen their balance sheets and have been active lending on both transitional and stable assets, and CMBS volume has exceeded nearly everyone\u2019s expectations.\u201d<\/p>\n<p>\u201cGiven the Fed\u2019s current policy,\u201d he added, \u201cwe expect 2013 will be another exceptional year for borrowers, with long-term rates below 4 percent and plenty of lending options from which to choose.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE Capital Markets has arranged $212 million in financing for Metro Park, a 37-acre, seven-building, 1 million-square-foot Class A office campus in Alexandria, Va.<\/p>\n","protected":false},"author":882,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,11,21742,21747,1615],"tags":[],"class_list":["post-1004054929","post","type-post","status-publish","format-standard","hentry","category-featured","category-midatlantic","category-latest","category-office","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE Arranges $212M Financing for Clarion DC-Area Office Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus\" \/>\n<meta property=\"og:description\" content=\"CBRE Capital Markets has arranged $212 million in financing for Metro Park, a 37-acre, seven-building, 1 million-square-foot Class A office campus in Alexandria, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-12-11T15:50:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:52:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park-300x225.gif\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/\",\"name\":\"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park-300x225.gif\",\"datePublished\":\"2012-12-11T15:50:56+00:00\",\"dateModified\":\"2022-12-09T02:52:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif\",\"width\":\"1600\",\"height\":\"1200\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/","og_locale":"en_US","og_type":"article","og_title":"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus","og_description":"CBRE Capital Markets has arranged $212 million in financing for Metro Park, a 37-acre, seven-building, 1 million-square-foot Class A office campus in Alexandria, Va.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-12-11T15:50:56+00:00","article_modified_time":"2022-12-09T02:52:27+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park-300x225.gif","type":"","width":"","height":""}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/","name":"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park-300x225.gif","datePublished":"2012-12-11T15:50:56+00:00","dateModified":"2022-12-09T02:52:27+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/12\/Metro-Park.gif","width":"1600","height":"1200"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-212m-financing-for-clarion-d-c-area-office-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CBRE Arranges $212M Financing for Clarion DC-Area Office Campus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004054929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004054929"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004054929\/revisions"}],"predecessor-version":[{"id":1004627010,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004054929\/revisions\/1004627010"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004054929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004054929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004054929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}