{"id":1004268149,"date":"2018-09-28T07:41:31","date_gmt":"2018-09-28T15:41:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004268149"},"modified":"2022-12-08T17:31:49","modified_gmt":"2022-12-09T01:31:49","slug":"hff-lands-37m-refi-in-md","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/","title":{"rendered":"Marcus Partners Lands $37M Refi for MD Office Campus"},"content":{"rendered":"<p>By Holly Dutton<\/p>\n<div id=\"attachment_1004268152\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004268152\" data-attachment-id=\"1004268152\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/park-plaza-i-and-ii-email\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\" data-orig-size=\"1500,1000\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 6D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1477680155&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;800&quot;,&quot;shutter_speed&quot;:&quot;6&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Park Plaza I and II email\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Park Plaza I and Park Plaza II&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg?w=1024\" class=\"wp-image-1004268152 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg 1500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg?resize=1024,683 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004268152\" class=\"wp-caption-text\">Park Plaza I and Park Plaza II<\/p><\/div>\n<p>HFF worked on behalf of Marcus Partners to arrange a $36.5 million refinancing for two Class A office buildings in Rockville, Md. Park Plaza I and Park Plaza II are located at 2099 and 2101 Gaither Road and total 264,000 square feet. HFF secured the floating-rate loan through EagleBank.<\/p>\n<p>Marcus Partners first purchased the properties in 2015. As part of the Park Plaza I acquisition, Marcus Partners also acquired the ground lease, which had previously encumbered Park Plaza II. The buildings are managed by Carr Properties and Cushman &amp; Wakefield handles leasing.<\/p>\n<p>Park Plaza I was built in 1991 and Park Plaza II was built in 2001. Both properties offer direct access to Interstate 270, Interstate 370 and Route 355.&nbsp; The assets were recently renovated to include a high-end caf\u00e9, a fitness facility, a yoga studio, a conference center, new courtyard space, improved building systems and renovated lobbies.<\/p>\n<p>An HFF debt placement team including Senior Director Daniel McIntyre and Director Jay Graham represented the borrower.<\/p>\n<p>\u201c<em>The lending market was attracted to the quality of sponsorship, and being a part of the sponsors&#8217; continued execution of a successful business plan<\/em>,\u201d McIntyre told <em>Commercial Property Executive<\/em>.<\/p>\n<p>In August, Marcus Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-snags-26m-dc-office-asset\/\">acquired the Jefferson Building<\/a>, an eight-story boutique office property in the Golden Triangle neighborhood of Washington, D.C., for $26.4 million from Invesco Real Estate.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company recently completed a renovation of the two buildings following their purchase in 2015. The Class A properties have more than 250,000 square feet between them.<\/p>\n","protected":false},"author":745,"featured_media":1004268152,"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":[33447,32799,39204,32792,34323],"class_list":["post-1004268149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-midatlantic","category-latest","category-office","category-washington-dc","tag-carr-properties","tag-cushman-wakefield","tag-eagle-bank","tag-hff","tag-marcus-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>Marcus Partners Lands $37M Refi for MD 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\/hff-lands-37m-refi-in-md\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus Partners Lands $37M Refi for MD Office Campus\" \/>\n<meta property=\"og:description\" content=\"The company recently completed a renovation of the two buildings following their purchase in 2015. The Class A properties have more than 250,000 square feet between them.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/\" \/>\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=\"2018-09-28T15:41:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:31:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Holly Dutton\" \/>\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\/hff-lands-37m-refi-in-md\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/\",\"name\":\"Marcus Partners Lands $37M Refi for MD Office Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\",\"datePublished\":\"2018-09-28T15:41:31+00:00\",\"dateModified\":\"2022-12-09T01:31:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9259ffaba4775229ae3556b9555e566d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Park-Plaza-I-and-II-email.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"Park Plaza I and Park Plaza II\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-lands-37m-refi-in-md\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Marcus Partners Lands $37M Refi for MD 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\/9259ffaba4775229ae3556b9555e566d\",\"name\":\"Holly Dutton\",\"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\/Holly-D-Dutton-e1622041566670.png?w=75\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Holly-D-Dutton-e1622041566670.png?w=75\",\"caption\":\"Holly Dutton\"},\"description\":\"Holly Dutton is a Senior Editor with Commercial Property Executive and Multi-Housing News. 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