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June 16, 2017  

TIAA Unit Lends on Offices in Virginia

TH Real Estate has provided a $200 million loan on a recently developed office building in Northern Virginia.The long-term, fixed-rate mortgage is backed by the 476,000-square-foot property at 1775 Tysons Boulevard in Tysons, Va. The loan to Washington-based Lerner Enterprises closed within the past two weeks.The mortgage was arranged and structured by Phillips Realty Capital of Bethesda, Md., which has a correspondent-lender relationship with...

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