Search
 

Financing Closes for Flex Acquisition

ASHBURN, VA-A financing deal for a 124,700-sf flex/industrial portfolio on Beaumeade Circle wraps up, leaving the borrower with an $11.4 million loan for the $12.5 million acquisition of the two-building property, which currently counts Freddie Mac as its largest tenant.

By Barbra Murray | Updated on August 09, 2005

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

ASHBURN, VA-A joint venture involving Minshall Stewart Properties and an unnamed Philadelphia institutional real estate fund has won financing in the sum of $11.4 million toward its $12.5-million acquisition of the 124,700-sf, two-building flex/industrial park. The sites are located at 21330 and 21580 Beaumeade Circle.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.