$77M Financing Deal for One Liberty Center

ARLINGTON, VA-Financing to the tune of $76.6 million for One Liberty Center, a new 315,000-sf office structure under development, has been put in place with the assistance of Cushman & Wakefield Inc. on behalf of The Liberty Center owner, Ballston Investor Group. Riggs Bank is behind the multi-million dollar bridge debt, construction and permanent financing package. The Shooshan Co. is acting as developer for the project, while Clark Construction Group is on board as the general contractor. One Liberty is the first of the multi-phase Liberty Center endeavor–originally conceived as the Ballston Center Project–that will ultimately offer one million sf of leasable mixed-use space.