GPARENCY Acquires Office Properties In Glen Allen And Richmond VA For $65M Loan From Morgan Stanley

The office property located at 4121 Cox Rd, 4198 Cox Rd, 4510 Cox Rd, 4801 Cox Rd, 4880 Cox Rd, 5000 Cox Rd & 5500 Cox Rd, Glen Allen; 200 Westgate Pkwy; 3900 Westerre Pkwy & 3901 Westerre Pkwy, Richmond & 7130 Glen Forest Dr, Richmond has been involved in a loan transaction. The property is situated in the markets of Glen Allen and Richmond, VA and spans a total of 723,103 square feet. The loan amount for the acquisition of this property is $65,000,000 with a 5-year term and an interest rate of 6.69%. The lender for this loan is Morgan Stanley, and the landlord is Tim Slagle.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $65,000,000
• Market: Glen Allen & Richmond VA
• Address: 4121 Cox Rd: 4198 Cox Rd: 4510 Cox Rd: 4801 Cox Rd: 4880 Cox Rd: 5000 Cox Rd & 5500 Cox Rd, Glen Allen; 200 Westgate Pkwy; 3900 Westerre Pkwy & 3901 Westerre Pkwy, Richmond & 7130 Glen Forest Dr, Richmond
• Lender: Morgan Stanley
• Landlord: Tim Slagle

The loan transaction was facilitated by Michael Wyne, Ira Zlotowitz, Timothy Wylie, and Josh Rosalimsky of GPARENCY. As a GPARENCY member, their client benefited from a reduced mortgage brokerage fee of only $11,000.