Reston Metro Center One
Reston, VA

Client
HighBrook Investors

Description
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.

Structuring
$29,000,000 Bridge Financing, Floating Rate, Three-year Plus Extension Options