Landing at Woodyard

JLL Secures $44.5 Million Loan for Landing at Woodyard in Metro D.C.

by Julia Sanders

Clinton, Md. — JLL Capital Markets has secured a $44.5 million loan for The Landing at Woodyard, a newly redeveloped, 210,000-square-foot shopping center located in the Washington, D.C. suburb of Clinton. JLL worked on behalf of the borrower, Meritus Realty Ventures, to place the 10-year, fixed-rate CMBS loan with Morgan Stanley Real Estate. Loan proceeds were used to repay the existing bridge loan and fund remaining improvements for the tenants that recently signed new leases. Meritus has owned Landing at Woodyard since 2016. The center is 95 percent leased with tenants including Aldi, Chick-fil-A, Marshalls, Popeyes, Ross Dress for Less, Burlington and Panera. Landing at Woodyard is located at the intersection of Branch Avenue and Woodyard Road. Max Herzog, Marko Kazanjian and Daniel McIntyre of JLL represented the borrower.

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