Colliers International Arranges $11.7 Million Loan for Acquisition of REI Store

by Nate Hunter

McLean, Va. – The 32,857-square-foot store is situated on 1.5 acres.

McLean, Va. – Colliers International has arranged an $11.7 million loan for the acquisition of a freestanding REI store in McLean, in the Tysons Corner submarket of Washington. Doug Alexander, senior vice president and principal in Colliers International’s Atlanta office, arranged the loan on behalf of the purchaser, Constellation 107th Street LLC of Atlanta. Germantown Tysons LLC and SPMCI LLC, based in Virginia, were the sellers. A national reinsurance company provided the 15-year, fixed-rate loan, which represents 52 percent of the purchase price. REI’s lease at the property extends through August 31, 2028. The 32,857-square-foot store is situated on 1.5 acres.

   Scott Reid

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