Reston Metro Center One
Phillips Realty Capital worked exclusively on behalf of HighBrook Investors to secure financing to cover acquisition and repositioning costs for Reston Metro Center One, a 124,076 SF office building within walking distance of the future Reston Town Center Silver Line Metrorail Station. The vacant Property was acquired through a note sale where HighBrook subsequently took title. Rubenstein Mortgage Capital provided a three-year plus extension options, floating-rate loan. Loan proceeds represented initial financing for the acquisition with additional funds for capital expenditures and leasing reserves.
$29,000,000 Bridge Financing, Floating Rate, Three-year Plus Extension Options