Highline at Greensboro
Update
01/05/22
CIM Group Provides $148M Loan for 460,000-Square-Foot Office Campus in Tysons Corner
CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that a CIM-managed fund has closed a $148 million loan to a joint venture between Westbrook Partners and American Real Estate Partners to refinance Highline at Greensboro, a Class A office campus in Tysons Corner, Virginia.
Located at 8401 & 8405 Greensboro Dr. in McLean, Virginia, Highline at Greensboro consists of two 10-story buildings comprising approximately 461,000 square feet of office space, ground floor retail and amenity space, and a 1,333-stall underground parking garage. The property recently underwent a comprehensive renovation that included upgrades to the façade, lobbies and common areas, and the addition of tenant amenities including a state-of-the-art health club, tenant lounge, an outdoor plaza, and a 60-person conference center.
Highline at Greensboro’s location offers easy access to the Metro Silver Line Spring Hill Station and major transportation arteries such as Dulles Toll Road, I-495, and Route 66, and benefits from proximity to downtown Rosslyn, Washington D.C., and Dulles International Airport. The property is adjacent to The Boro, the 3.5-million-square-foot mixed-use development in downtown Tysons.
CIM Group is an active lender that through its CIM Real Estate Debt Solutions business recently closed a $90.25 million loan for a 247-unit apartment community in Arlington, Virginia. CIM Group seeks to provide senior and subordinate transitional bridge loans for commercial real estate projects with strong sponsors.
