Meridian Closes $227M Purchase Of DC-Area Office Portfolio

Law360, New York (February 27, 2017, 4:18 PM EST) -- Real estate investment and development firm Meridian Group closed its $227 million purchase of a Washington, D.C.-area office portfolio on Friday with help from Holliday Fenoglio Fowler LP, which said it represented the seller and arranged an acquisition loan for the buyer.

Maryland-based Meridian completed its purchase of the Tysons Metro Center office portfolio, located in Tysons, Virginia, from an affiliate of Beacon Capital Partners. Although HFF marketed the property on behalf of Beacon, it also helped Meridian secure a floating rate, $175 million acquisition loan from Starwood Property Trust Inc., the commercial real estate and capital markets service provider said...

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