Middle Market Digest: The Mid-Atlantic

1775 Tysons Blvd.

NEWS & NOTABLES

WASHINGTON, DC–The CREW National Capital Committee, which consists of CREW DC, CREW Northern Virginia and CREW Suburban MD, have launched Connecting Future Leaders, a mentorship program. Created by CREW NoVA several years ago, the program offers leadership training, during which participants will receive one-on-one coaching, professional evaluations and access to executive/C-Suite women in commercial real estate.

DEAL TRACKER

BETHESDA, MD–Capital One has provided a $77.7 million loan to Pacifica Cos. to refinance a portfolio of nine senior housing facilities in Arizona, California, Florida, Oregon and Utah. The mortgage consists of $67.7 million in initial funding and an earn-out as specific conditions are met. Pacifica Cos.’ total portfolio is valued at approximately $3 billion. This is the second transaction that Capital One has closed with Pacifica.

TYSONS, VA–Park Hotels is locating its corporate headquarters in 1775 Tysons Blvd. It will occupy 31,000 square feet in Lerner Enterprise’s newest landmark office tower in Tysons II. Lerner was represented by Brian F. Tucker and John B. Dragelin of JLL.

WASHINGTON, DC–Washington REIT has leased a full floor of 13,000 square feet at the Army Navy Building to a national nonprofit organization. The 109,000-square foot building is now 71% leased. Washington REIT is in the process of completing a $4 million renovation that has created a VIP tenant amenity in previously under-utilized space. Washington REIT acquired the asset in 2014.