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MetLife Places $105M Mortgage on Park Place II

TYSONS CORNER, VA-This is the only building under construction that will deliver within the next 16 months.

By Erika Morphy | Updated on June 11, 2007

(Read more on the debt and equity markets.)

TYSONS CORNER, VA-MetLife Real Estate Investments has placed a $105-million, 14-year, fixed-rate construction/permanent mortgage on Park Place II, an 11-story, 312,897-sf, class A building under construction here.

The building, located at 7930 Jones Branch Dr, is a signature development of the Washington, DC-based B.F. Saul Co., which has applied for LEED Silver certification for the building–the first in the Tysons Corner submarket. The project architect is Leo A. Daly, Inc., and the General Contractor is Clark Construction Group LLC. The building is expected to deliver in the second half of 2008.

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