{"id":1004194108,"date":"2017-10-18T06:02:41","date_gmt":"2017-10-18T14:02:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194108"},"modified":"2022-12-09T02:01:08","modified_gmt":"2022-12-09T10:01:08","slug":"jv-lands-47m-loan-for-dc-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/","title":{"rendered":"JV Lands $47M Loan for DC Office Portfolio"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004194119\" style=\"width: 349px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194119\" data-attachment-id=\"1004194119\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/reston-metro-center-i\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Reston Metro Center I\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Reston Metro Center I&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg?w=800\" class=\"wp-image-1004194119\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\" alt=\"Reston Metro Center One\" width=\"339\" height=\"263\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 339px) 100vw, 339px\" \/><\/a><p id=\"caption-attachment-1004194119\" class=\"wp-caption-text\">Reston Metro Center One<\/p><\/div>\n<p>A\u00a0partnership between Coretrust Capital Partners and Normandy Real Estate Partners secured $47 million in financing for Reston Metro Center One &amp; Two, a\u00a0185,671-square-foot office portfolio in Reston, Va.\u00a0<\/p>\n<p>The HFF debt placement team of Managing Director Cary Abod and Director Robert Carey\u00a0procured the <a href=\"https:\/\/www.commercialsearch.com\/news\/clarion-partners-lands-105m-for-la-industrial-facility\/\">floating-rate loan<\/a> through AllianceBernstein. The loan proceeds will be utilized to replace existing financing and to fund future leasing costs at the properties.<\/p>\n<p>The two buildings, located at 12120 and 12180 Sunrise Valley Drive, were built in 2000 and 2001.\u00a0Reston Metro Center Two is currently fully leased. The properties are within walking distance of the future Reston Town Center Silver Line Metrorail Station. The assets offer convenient access to interstates 496, 66 and 95 and Fairfax County Parkway, and are only 6.5 miles from Washington Dulles International Airport.\u00a0<\/p>\n<p><em>Image courtesy of HFF\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coretrust Capital Partners and Normandy Real Estate Partners tapped HFF to secure financing for the 185,671-square-foot Reston Metro Center One &amp; Two. The floating-rate loan was provided by AllianceBernstein. <\/p>\n","protected":false},"author":746,"featured_media":1004194119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,11,21742,21747,1615],"tags":[38004,33347,32792,33267],"class_list":["post-1004194108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-midatlantic","category-latest","category-office","category-washington-dc","tag-alliancebernstein-lp","tag-coretrust-capital-partners","tag-hff","tag-normandy-real-estate-partners"],"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>JV Lands $47M Loan for DC Office Portfolio - 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\/jv-lands-47m-loan-for-dc-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Lands $47M Loan for DC Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"Coretrust Capital Partners and Normandy Real Estate Partners tapped HFF to secure financing for the 185,671-square-foot Reston Metro Center One &amp; Two. The floating-rate loan was provided by AllianceBernstein.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/\" \/>\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=\"2017-10-18T14:02:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:01:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\/jv-lands-47m-loan-for-dc-office-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/\",\"name\":\"JV Lands $47M Loan for DC Office Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\",\"datePublished\":\"2017-10-18T14:02:41+00:00\",\"dateModified\":\"2022-12-09T10:01:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Reston-Metro-Center-I-.jpg\",\"width\":800,\"height\":620,\"caption\":\"Reston Metro Center I\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-lands-47m-loan-for-dc-office-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Lands $47M Loan for DC Office Portfolio\"}]},{\"@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\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"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\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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