|
|
 |
|
|
|
|
Press Release
|
Contact: Nick Derasmo (212.841.7505) |
|
|
|
Cushman & Wakefield Sonnenblick Goldman Arranges
$70.2 M in Financing for BLVD|Loudoun Station
|
|
|
Wednesday, March 16, 2011
-
Washington, DC
-
The loan closing facilitates construction on first phase of Comstock Partners 3 million SF mixed use project on Silver Line Metro
WASHINGTON, D.C. – March 16, 2011 – On behalf of its client, Comstock Partners, LC, Cushman & Wakefield Sonnenblick Goldman’s Washington, D.C. Capital Markets team today announced the placement of $70.2 million in non-recourse financing at the BLVD|Loudoun Station, a 357-unit mixed-use development at the terminus of the future Silver Line Metrorail project in Ashburn, VA.
BLVD|Loudoun Station is the first phase of construction which will eventually bring 3 million square feet of high quality mixed-use urban development including 1,500 upscale multi-family housing units, 320,000 square feet of retail space, entertainment venues, more than one million square feet of class-A office space, recreation and hotel uses.
Cushman & Wakefield Sonnenblick Goldman’s Washington, D.C. Capital Markets team of Executive Director Walter Coker, Senior Managing Director Susan Carras, and Director Brian Crivella exclusively advised Comstock Partners in the transaction. The team closed the transaction through its correspondent relationship with Walker & Dunlop’s Federal Housing Authority team.
BLVD|Loudoun Station will deliver rental homes with gourmet kitchens, ample room sizes, one and two story floor plans and luxurious bathrooms. Planned amenities and features of BLVD will include recreation spaces, fitness centers, swimming poolsand ecure parking. Additionally, BLVD will offer 62K SF of ground floor retail, providing convienent entertainment and services for its residents.
Comstock Partners, LC is a privately held real estate development enterprise with a focus on urban, mixed use, and transit oriented developments in Northern Virginia. The principals of Comstock Partners are responsible for the development of thousands of residential units and millions of square feet of class-A office and retail projects in the Washington, D.C. region and in other parts of the United States.
|
|
|
About Cushman & Wakefield Sonnenblick Goldman
Cushman & Wakefield Sonnenblick Goldman is the industry’s leading independent real estate investment banking firm. The firm was founded as Sonnenblick Goldman in 1893 and it merged with Cushman & Wakefield in 2007. Cushman & Wakefield Sonnenblick Goldman provides a full range of real estate financial services, including debt and equity placements, joint ventures, hospitality investment sales and workout advisory services, and it collaborates world-wide with other divisions of Cushman & Wakefield. Further information can be found at the firm’s website at www.cushwake.com/sonngold.
|
|
|
|