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Washington DC   /   May 29, 2020

David Cohen
By: David Cohen

PRC Secures $29M Bridge Loan for D.C. Metro Office Building

Phillips Realty Capital (PRC) has arranged a $29 million loan for Reston Metro Center One, a 124,076-square-foot office building in Reston.

Built in 2000, the fully-vacant property provides a headquarters opportunity for prospective tenants relocating to Reston, and offers signage visibility from the Dulles Toll Road. Additionally, the building is located less than seven miles from Washington Dulles International Airport. Amenities include ample parking, access to high level fiber, an employee lounge and a tenant fitness center with full locker rooms.

Malcolm Shaw, Steve Shaw, Harmon Handorf and Bill Wrench of PRC represented the borrower, HighBrook Investors, in securing the three-year plus extension options, and floating-rate loan provided by Rubenstein Mortgage Capital.

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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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