ARLINGTON, VA—Monday Properties has secured refinancing for its Trophy office tower at 1812 N. Moore Street and state-of-the art medical office building, Shirlington Gateway. Citi Real Estate Funding Inc. provided the five-year fixed rate commercial mortgage-back security for the two Arlington, VA properties.
"The recapitalizations of these buildings are a great example of the capital markets' continued commitment to high-quality office assets with market-leading sponsors and solid customer bases," said Anthony Westreich, Founding Managing Partner of Monday Properties, in a prepared release. "Despite the headwinds faced by office landlords across the country, trophy assets with top-notch amenities, unbeatable accessibility and stunning views are continuing to attract the most dynamic companies."
Monday Properties leased 60,000 square feet of space over the last six months at 1812 N. Moore Street, bringing it to 90% leased, with an additional 20,000 square feet of deals in the pipeline. The 12-story Shirlington Gateway, which is 93% leased, is home to Anderson Orthopedic Clinic, INOVA, and Virginia Hospital Center. The loans Monday Properties secured for 1812 N. Moore and Shirlington Gateway were for $173 million and $32.5 million, respectively.
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Situated in the heart of Rosslyn, 1812 N. Moore is the most iconic, trophy office building in Arlington. Just two full floors remain available for lease at the 540,000-square-foot tower, which connects tenants to influential centers of commerce and government, as well as premium arts, dining, and entertainment. With panoramic views of the nation's capital, the building also offers tenants use of a premium meeting and event space in the 22nd floor conference center and lounge, as well as a dedicated fitness and wellness facility. The building's LEED Platinum and Fitwel 2.1 viral response certifications underscore Monday Property's commitment to sustainability.
Another prominent and recognizable building in the region, the 206,200-square-foot Shirlington Gateway, at 2800 Shirlington Road, offers unmatched access and visibility from I-395, and was recently outfitted with a new lobby. The release on the deal notes that the building is just steps away from The Village at Shirlington, a vibrant 24-hour community with restaurants, eclectic shopping, experiential retail, and ample parking for building tenants and their guests.
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