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

1055 North Fairfax Street

$96,000,000

Building Size

—

Asset Type

Development Site

Closing

Mar 4, 2024

AI

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:

Property Type: Development Site
Transaction Amount: $96,000,000
Lender: Thomas Whitesell - Kennedy Wilson
Landlord: Community Three & Whitaker Investment Corporation
Brokers: Bindi Shah, Marshall Scallan, Michael Zelin & Nick Rangel - Cushman & Wakefield

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.

Players