JLL Capital Markets arranges $40.4 million in financing for three office buildings in Chantilly

JLL’s Capital Markets has arranged $40.4 million in financing on behalf of Federal Partners for a three-building, 409,478-square-foot Class A office portfolio in Chantilly.

BB&T provided the seven-year loan.  Liberty Center I, II and III are located in the Westfields Corporate Center, a popular location for cybersecurity and defense-related industry tenants.

According to JLL, the properties are leased to three investment-grade tenants. All three properties offer enhanced security features, audio-visual capabilities and space necessary to conduct business with government intelligence agencies.

Executive Vice President Jon Goldstein, Managing Director Wesley Boatwright and Executive Vice President Mike Yavinsky led the JLL team on the transaction.

“The portfolio’s outstanding tenancy, prominent location within Westfields Corporate Center and exceptional sponsorship were all factors that generated significant lender interest,” Goldstein said in a statement.  “Ultimately, BB&T was selected because it offered the optimal combination of loan terms and flexibility.”

Federal Partners is a co-investment joint venture between Spaulding & Slye Investments and one of the nation’s largest pension funds in the United States.  Established in 2004, Federal Partners focuses on acquiring U.S. federal government and government contractor leased properties.

JLL Capital Markets is a global provider of capital solutions for real estate investors and occupiers including sales, financing, repositioning, advisory or recapitalization execution. In 2013 JLL Capital Markets completed $99 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team includes a staff of 1,300.