Bank Of America Provides $299.1 Million Refinance For Trophy-Class Office Towers In Reston VA

The property asset involved in this transaction consists of three fully leased Trophy-Class office towers located at 1900, 1902 & 1906 Reston Metro Plaza in Reston, VA. The refinance loan amount for this transaction is $299,100,000, provided by Bank of America. This asset represents a significant presence in the office sector within the Reston market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $299,100,000
• Lender: Bank of America
• Landlord: Chris Clemente - Comstock Partners & Comstock Holding Companies
• Broker: Eastdil Secured Savills
• Original Loan Amount: $292,900,000
• Previous Lender: Blackstone Real Estate Debt Strategies

The refinancing was executed by Comstock Holding Companies, which effectively replaced the previous loan, demonstrating their continued investment in the property. The representation of the landlord in this transaction was undertaken by Chris Clemente, who is affiliated with Comstock Partners & Comstock Holding Companies. Eastdil Secured Savills acted as the broker facilitating the deal.