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December 7, 2011

HFF secures construction loan to build office building

HFF has arranged a $116.5m construction loan for a large office development named Monument View in Arlington, Virginia, US.

HFF has arranged a $116.5m construction loan for a large office development named Monument View in Arlington, Virginia, US.

The first phase of the project incorporates a seven-storey, 186,000ft2 building and a five-story, 131,000ft2 building.

The project covers a 4.7-acre site along South Old Jefferson Davis Highway adjacent to the Pentagon, Reagan-National Airport and Interstate 395 at the north end of Crystal City.

The construction work on the project is expected to complete by the end of 2013.

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