DEAL TRACKER

TYSONS, VA–Phillips Realty Capital secured a $200 million permanent loan for Lerner Enterprises' 1775 Tysons Blvd, a 17-story office tower. The loan was provided by TH Real Estate, the real estate investment management arm of TIAA and the financing was structured by John Sieber, Jr., a principal at Phillips Realty Capital, which has a correspondent lender relationship with TIAA-CREF.

RICHMOND, VA–Phillips also secured $36.5 million on behalf of Reynolds Development for the Altria Building at Reynolds Crossing, which is located at 6603 W. Broad St. Phillips Realty Capital Managing Director Charles DuBose arranged the financing. The 222,057-square foot, Class B building was built in 1968 and renovated in 2007. It is fully leased to a single credit tenant, Philip Morris USA, a wholly-owned subsidiary of Altria. The building serves as the headquarters for Phillip Morris USA.

RICHMOND, VA–The Dori Foods Building, located at 3410 Norfolk St., has traded for $7.7 million, or $89 per square feet. Eric Robison of Cushman & Wakefield | Thalhimer's Capital Markets Group represented the seller. The buyer was Spy Rock Real Estate Group. The 86,607 square foot industrial property is fully leased, long term, to Dori Foods, a leading food distribution company in the Mid-Atlantic.