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VIENNA, VA-An affiliate of Guardian Realty Investors has obtained a $20-million 10-year fixed-rate securitized loan on the 98,600-sf office building located at 8619 Westwood Center Dr. The funding was provided through JP Morgan Mortgage Capital.

Holliday Fenoglio Fowler provided assistance on the transaction. An HFF spokesperson tells GlobeSt.com that the motivation behind Guardian’s pursuit of the refinancing package was the fact that the first trust balloon was due. Additionally, the company didn’t defease or pay a pre-payment penalty to do the transaction. Guardian acquired the property in 2000 for $18.7 million; today it has a current assessed value of about $15.8 million, according to Fairfax County records.

Developed in 1984, 8619 Westwood Center Dr. sits on a four-acre parcel in the Tysons Corner submarket off the Dulles Airport Access Rd. The fully occupied four-story building is home to the likes of Liberian International Ship and Corporate Registry and NaviSite. “This was a relatively straight forward deal with a strong asset in a tremendous submarket,” HFF’s Bill Asbill says; he and colleagues Bob Donhauser and Cary Abod secured the financing. “HFF was able to generate competitive pricing and structure, which lead to a smooth closing.”

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