LANHAM, MD-Financing to the tune of $25 million has been put in place for four office structures totaling 270,000 sf in Lanham’s Metro East Corporate Park, a business campus in the Metropolitan Washington, DC region. The fixed-rate loan from Guardian Life comes courtesy of Holliday Fenoglio Fowler LP, which arranged the first mortgage financing for property owner, Bedminster, NJ-based Advance Realty Group, from its Edison, NJ office.
Situated where the Capital Beltway, or I-95, and Rte. 50 meet, the four structures are leased to maximum capacity. The property’s position in an easily accessible area and its consistently solid tenant base made for a good investment in Holliday Fenoglio Fowler’s eyes.
“This property is exceptionally well located,” Holliday Fenoglio Fowler’s Anthony M. Cuccia tells GlobeSt.com. “It is directly across the street from the IRS world headquarters property, which is about 1.2 million sf. It’s also the near train stations–stops on the Washington, DC Metrorail, Amtrak’s northeast corridor line and Maryland’s MARC line. The transportation and accessibility are excellent.”