HFF secures construction loan to build office building

7 December 2011 (Last Updated December 7th, 2011 18:30)

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.