HFF Arranges $72M Refi for DC-Area Retail Center

The 437,299-square-foot Plaza at Landmark is 98.2 percent leased.
Plaza at Landmark, Alexandria, Va.

Plaza at Landmark, Alexandria, Va.

WashingtonHFF recently announced the closing of a $72 million refinancing for Plaza at Landmark, a 437,299-square-foot, grocery-anchored power center in Alexandria, Va.

“We are extremely pleased that through the efforts of the HFF team we were able to work with the first-class, professional real estate lending group at AIG and close this very beneficial long-term, fixed-rate financing. The recently renovated Plaza at Landmark is now well positioned for outstanding long-term growth and success for our tenants and the community we serve,” said Marshall Ruben, principal of owner Landmark HHH LLC, in prepared remarks.

Located at 6244 Little River Turnpike, the retail center is situated just across Interstate 395 from Landmark Mall and less than 3 miles north of the Capital Beltway. The property is 98.2 percent leased, with a tenant roster including Shoppers, Marshalls, Ross Dress for Less, LA Fitness, Dollar Tree, Verizon and Chipotle.

Image courtesy of HFF