Va. Office Park Secures $212M Financing From SunTrust, HSBC

Law360, New York (December 10, 2012, 7:22 PM EST) -- Metro Park, a sprawling office park in Springfield, Va., developed by The Evans Co. and owned by Clarion Partners LLC, has secured $212 million in financing from SunTrust Banks Inc. and HSBC Credit Corp., CBRE Capital Markets announced Monday.

It wasn't immediately clear what the financing would be used for, or what the terms of the financing would be. CBRE, which helped Clarion Partners secure the financing for the 1.15-million-square-foot office complex, lauded the transaction for its marketability at such an uncertain time.

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