Monday Properties has completed a $250 million refinancing of its signature property, 1812 North Moore Street in the Arlington, Virginia. The refinancing includes up to $70 million in the form of a future funding facility that Monday can use for future leasing and capital investments. The firm plans to expand the building’s fitness facility and a new 12,000 sqf conference facility on the 24th floor. The 508,000 square foot office tower is anchored by Nestlé.
Tim Helmig, Managing Partner of Monday Properties, said “The refinancing of our office tower at 1812 North Moore Street is an important long-term development for Monday as it provides us with not only greater financial flexibility, but the opportunity to further implement our strategic business plan…In addition to Nestlé, we remain focused on attracting premier tenants with best-in-class services and experiences so they are able to continue performing at maximum efficiency levels.”
