Holliday Fenoglio Fowler, L.P. (HFF) announces a $36.5 million refinancing for Park Plaza I and II, two Class A office buildings totaling 264,000 square feet in Rockville, Maryland.
The HFF team worked on behalf of the borrower, Marcus Partners, to arrange a floating-rate loan through EagleBank. Loan proceeds were used to refinance the original acquisition loan and provide funds for the borrower to continue implementing its successful business plan.
Park Plaza I and II is located at 2099 and 2101 Gaither Road proximate to Interstate 270 and King Farm in North Rockville. The property was most recently renovated to include a high-end café, fitness facility, yoga studio, conference center, new courtyard space, improved building systems, and refreshed lobbies.
The HFF debt placement team representing the borrower included senior director Daniel McIntyre and director Jay Graham.
About Marcus Partners
Marcus Partners is a value-oriented real estate investment, management and development firm based in Boston, Massachusetts with additional offices in Metro New York and Metro Washington D.C. The firm invests in real estate and related assets, pursuing a mix of strategic and opportunistic investment strategies across office, medical office, research and development, multifamily, warehouse, and industrial properties. Marcus Partners has built its reputation as a real estate investment firm grounded by a deep belief in value investing and is experienced in the complexities of real estate and capital markets. It currently owns and / or manages a diversified portfolio that includes approximately 7 million square feet along the East Coast. For more information please visit marcuspartners.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
