The build-to-suit, 13-story, class A office building is serving as thecompany's new headquarters. Completely occupied by the company, the311,000-square-foot building is located on 3.16 acres along the JamesRiver adjacent to the Fifth District Federal Reserve Bank inRichmond's financial district.

SVP Geoff McVeigh of Berkadia's Richmond, VA office originated theloan, which was funded by Deutsche PostBank AG through PB CapitalCorp. NewMarket Corp. is the principal of the borrowing entity,Foundry Park I, LLC.

Converting construction financing into a permanent finance has becomealmost as rare as construction finance itself. According to McVeigh, thecompany shopped the deal around extensively but found securing alender almost impossible after the 2009 collapse of the capitalmarkets. Eventually, it secured PostBank, selling the lender on thebuilding's location, creditworthy tenant and state-of-the-artbuilding, he said in a prepared statement. Berkadia was unable toreturn a call to GlobeSt.com in time for publication.

Jointed owned by Berkshire Hathaway and Leucadia National Corp.,Berkadia recently acquired the North American loan origination andservicing businesses of Capmark Financial Group.

In two separate transactions, Berkadia provided more than $28 millionfor construction and refinance purposes to projects in Portland, ORand Chicago, IL, using Freddie Mac and Federal HousingAdministration money.