• Type

    Office

  • Fund

    Realized

  • Address

    4040 North Fairfax Drive
    Arlington, VA 22203

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North Fairfax

Arlington, VA

Property Overview

On September 27, 2011, Meridian purchased a Senior Note secured by 4040 North Fairfax, the Webb Building, located in the Rosslyn-Ballston (R-B) Corridor submarket of Arlington, VA inside the Washington, D.C. beltway through its strong relationship with the bank holding the Note. The Note was secured by a 10-story, 184,213 square foot office building with a below grade garage and surface parking constructed in 1966.

Investment Strategy

Meridian purchased the Note at a discount to par with the intent of either owning the asset or receiving a full payment at a profit. The Fund exited its investment in the Webb Building Note in July 2012 realizing a substantial return on investment for Fund I.