(To read more on the debt and equity markets, click here.)

FAIRFAX, VA-Fairfax Corner Retail LC of Virginia has received a $67.2-million refinancing package for the Fairfax Corner Retail Center, a 205,000-sf shopping destination. The company will use the money to replace construction financing on the property.

The transaction was orchestrated by Rockville, MD-based lender Suburban Capital Markets Inc. The funding came in the form of a fixed-rate non recourse-loan with a 10-year maturity and 35-year amortization.

Located on a 32-acre parcel off I-66, Fairfax Corner Retail was developed over the last two years as a retail element of the 1.2-million-sf Fairfax Center mixed-use development. It features a 130,000-sf office structure, multifamily residences and a movie theater with tenants such as Ann Taylor Loft and Elizabeth Arden.