BACK TO ALL ARTICLES10/5/2021
Comstock secures refinancing for three office towers at Reston Station
PUBLICATION: RESTON NOW
Comstock Holding Companies, Inc. has officially secured refinancing for a trio of office towers at Reston Station, according to a company release.
The Reston-based company arranged a $350 million financing package for the first three office towers built at Reston Station, a 60-acre, mixed use project near the Wiehe-Reston East Metro Station.
The office towers at 1900, 1902 and 1906 Reston Metro Plaza are anchored by tenants like Google, Neustar, Rolls-Royce North America, and ICF Global.
Comstock received roughly $2.6 million in debt and equity origination fees, which are charged by the lender for compensation for a loan application.
The package includes $312 million by a Blackstone subsidiary and $43 million with a DivcoWest subsidiary. The three buildings are 84 percent leased, according to a company release. READ MORE