HFF announces $156.2 million financing for Modera Avenir Place in Vienna, Virginia

VIENNA, VA — Holliday Fenoglio Fowler, L.P. (HFF) announces $156.2 million in financing for Modera Avenir Place, a best-in-class residential property in Vienna.
The HFF team worked on behalf of the borrower, a joint venture between Mill Creek Residential Trust LLC and institutional investors advised by J.P. Morgan Asset Management, to secure the floating-rate loan with MetLife Investment Management. Loan proceeds were used to retire existing construction financing.
Modera Avenir Place is situated at the intersection of Prosperity Avenue and Gallows Rd. adjacent to the Shops at Avenir Place and Interstate 66. The transit-oriented community is adjacent to the Dunn Loring-Merrifield Metrorail station (Orange Line) and numerous major thoroughfares that provide accessibility to the entire D.C. metropolitan area. Modera Avenir Place, a grocery-anchored mixed-use development, was completed in two phases in 2013 and 2015.

 

READ MORE
 

Please reload

Featured Posts

5 Keys to Work, Success, & Happiness

November 8, 2019

1/10
Please reload

November 19, 2019

Please reload

Recent Posts

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.