ARLINGTON, VA—Monday Properties has secured refinancing for its Trophy office tower at 1812 N. Moore Street and state-of-the art medical office building, Shirlington Gateway. Citi Real Estate Funding Inc. provided the five-year fixed rate commercial mortgage-back security for the two Arlington, VA properties.
"The recapitalizations of these buildings are a great example of the capital markets' continued commitment to high-quality office assets with market-leading sponsors and solid customer bases," said Anthony Westreich, Founding Managing Partner of Monday Properties, in a prepared release. "Despite the headwinds faced by office landlords across the country, trophy assets with top-notch amenities, unbeatable accessibility and stunning views are continuing to attract the most dynamic companies."
Monday Properties leased 60,000 square feet of space over the last six months at 1812 N. Moore Street, bringing it to 90% leased, with an additional 20,000 square feet of deals in the pipeline. The 12-story Shirlington Gateway, which is 93% leased, is home to Anderson Orthopedic Clinic, INOVA, and Virginia Hospital Center. The loans Monday Properties secured for 1812 N. Moore and Shirlington Gateway were for $173 million and $32.5 million, respectively.
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Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
