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LANDOVER, MD-On behalf of property owner MTM Builder/Developer Inc. Holliday Fenoglio Fowler has managed to secure $38.5 million in financing for the seven-building Inglewood Office Center. Salomon Smith Barney provided the acquisition loan, which carries a five-year, adjustable rate term. The complex was built in phases and reached ultimate completion in 1987.

Located within close proximity to the Nation’s Capital, Inglewood Office Center sits in a convenient spot off I-95. The nearly 537,000-sf campus–which is presently leased to 90% capacity–consists of two office structures totaling 218,157 sf, and a five-building office/technology grouping totaling 318,576 sf.

“The excellent location and upside in lease rollovers made this asset an extremely attractive purchase, which also contributed to the appeal of the financing opportunity,” says Holliday Fenoglio’s Howard Taft. Taft and fellow senior managing director Bill Asbill put the deal together for MTM Builder. “The site has two I-95 exits, a Blueline Metro stop under construction, and an adjacent new festival mall.”

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