(To read more on the debt and equity markets, click here.)
RESTON, VA-Lake Fairfax Business Center 5 & 7, two fullyoccupied office buildings totaling 406,500 sf of class A space,have just been refinanced. Developed in 1987 and 1988,respectively, Lake Fairfax 5 & 7 are located within the LakeFairfax Business Center corporate campus.
The transaction was orchestrated by Bill Asbill and BobDonhauser of Holliday Fenoglio Fowler LP. Bear Stearns CommercialMortgage Inc. provided the loan for borrower Polinger and a GEAsset Management-advised investor not long after Polinger acquiredthe structures for $117 million.
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