facebook
Traded Co logo
Submit a Deal
1055 North Fairfax Street
FINANCED

Community Three & Whitaker Investment Obtain $96M Construction Loan From Kennedy Wilson

1055 North Fairfax Street

Development Site
Michael Zelin
Marshall Scallan
Bindi Shah
+ 2
the dealplayerscompscontact

Summary

Loan
VIRGINIA
Development Site
0 sqft

The Development Site located at 1055 North Fairfax Street in Alexandria, VA, was the subject of a $96 million construction loan provided by Thomas Whitesell of Kennedy Wilson for the TidLock development. The loan was secured by a joint venture between Community Three and Whitaker Investment Corporation for an office-to-multifamily conversion project in northern Virginia.

Summary of transation details:

The individuals and companies involved in the deal included Thomas Whitesell from Kennedy Wilson as the lender, Community Three and Whitaker Investment Corporation as the landlords, and the brokerage team from Cushman & Wakefield consisting of Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel.

Read Less

Players

  • Agents

    4

  • Agencies

    1

Michael Zelin's profile picture
Michael Zelin
Cushman & Wakefield-image
Executive Director
$127.5M Sold

Details

Deal Summary
minus icon
FINANCED
IMAGE: Thomas Whitesell, Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel DATE: 03/04/2024 ADDRESS: 1055 North Fairfax Street MARKET: Alexandria, VA ASSET TYPE: Development Site LENDER: Thomas Whitesell - Kennedy Wilson LANDLORD: Community Three & Whitaker Investment Corporation BROKERS: Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel - Cushman & Wakefield LOAN AMOUNT: $96,000,000 LOAN TYPE: Construction NOTE: A joint venture between Community Three and Whitaker Investment Corporation secured $96 million in construction financing for an office-to-multifamily conversion project in northern Virginia, with Kennedy Wilson providing the loan for the TidLock development in Alexandria.

View on map

Loading...

Address1055 North Fairfax Street

Contact

Get in touch with the broker you want

Comparables

View all
No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.