Monday Properties Refinances Rosslyn Portfolio For $888M
The portfolio is nine buildings totaling 2.6M SF, for which Monday and partner Goldman Sachs took out a $700M loan in 2007. The refinancing, done with an undisclosed partner, is worth $888M, with the additional $188M to go toward capital improvements to the buildings, the Washington Business Journal reports.
Part of the portfolio is The Towers, the two-building office complex at 1000 and 1100 Wilson Blvd., for which $7M has been earmarked for improvements. Among those improvements is a new roof deck at 1100 Wilson to go with the one that tops its counterpart.