{"id":1004089776,"date":"2014-01-15T07:46:20","date_gmt":"2014-01-15T15:46:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004089776"},"modified":"2022-12-08T19:13:51","modified_gmt":"2022-12-09T03:13:51","slug":"cassidy-turley-arranges-100m-in-financing-for-440-ksf-office-complex-in-suburban-dc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cassidy-turley-arranges-100m-in-financing-for-440-ksf-office-complex-in-suburban-dc\/","title":{"rendered":"Cassidy Turley Arranges $100M in Financing for 440 KSF Office Complex in Suburban DC"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004089778\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cassidy-turley-arranges-100m-in-financing-for-440-ksf-office-complex-in-suburban-dc\/national-gateway\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg\" data-orig-size=\"800,502\" 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=\"National Gateway\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg?w=800\" class=\"alignleft size-medium wp-image-1004089778\" alt=\"National Gateway\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg\" width=\"300\" height=\"188\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg?resize=300,188 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/National-Gateway.jpg?resize=768,482 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>A cool $100 million in financing has been arranged for National Gateway I and II, twin office properties totaling 437,400-square feet in Arlington, Va.\u00a0 Commercial real estate services firm Cassidy Turley orchestrated the transaction on behalf of The Meridian Group, owner and developer of the four-year-old property.<\/p>\n<p>Carrying the addresses of 3500 and 3550 S. Clark St., the two-nine-story National Gateway buildings sit within the 4.5 million-square-foot Potomac Yard mixed-use destination in Arlington&#8217;s Crystal City submarket. Meridian built the LEED Gold-certified office complex with the assistance of a $112 million construction loan secured in 2006. Back then, Corus Bank provided the funds; this time around, a national debt fund came through with financing.<\/p>\n<p>&#8220;We had a tremendous amount of[lender] interest and a variety of different structures,&#8221; John Campanella, executive managing director with Cassidy Turley, told <i>Commercial Property Executive<\/i>.<\/p>\n<p>Campanella cites National Gateway&#8217;s &#8220;great sponsorship&#8221; and designation as a Class A suburban office property as the main attractions. Washington, D.C., has long been a favorite market for investors and lenders alike, and despite the area&#8217;s drop in rankings&#8211;plummeting from the eighth position to number 22 on the top 20 list in PricewaterhouseCoopers and the Urban Land Institute&#8217;s Emerging Trends in Real Estate 2014 report&#8211;the capital markets will likely continue to keep the nation&#8217;s capital high on the radar. Outlying areas of the city may be the key.<\/p>\n<p>&#8220;I believe that closing of National Gateway is a tipping point here in D.C.,&#8221; Campanella said. &#8220;I think that both the buyers and lenders will be more aggressive in the suburban locations moving into 2014.&#8221;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A cool $100 million in financing has been arranged for National Gateway I and II, twin office properties totaling 437,400-square feet in Arlington, Va.  <\/p>\n","protected":false},"author":969,"featured_media":1004089778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21747,1615],"tags":[],"class_list":["post-1004089776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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