FALLS CHURCH, Va. -- GMAC Commercial Mortgage Corporation (GMACCM) arranged $74 million in debt to refinance a 365,000 square foot Class-A trophy office building situated on 13.78 acres in Falls Church, Va.

GMACCM, acting exclusively on behalf of 2941 Fairview Park Drive, LLC, placed the first mortgage debt with Bear Stearns. The property, known as 2941 Fairview Park Drive, was constructed in 2001 and offers views of the adjacent lake from all of its 15 stories as well as extensive landscaping, waterscaping, structured parking, exercise facilities, a cafe and a highly-rated, award winning white-tablecloth restaurant. The property is part of The Fairview Office Park, which will encompass over 3.6 million square feet of first class office, residential, and retail space, with waterfront dining and conference facilities. It is also home to several Fortune 500 companies. It is situated at the intersection of Route 50 and Interstate 495 and is visible from both major roadways.

The property is the worldwide headquarters of General Dynamics, the anchor tenant, which occupies floors 10 through 15 on a long-term lease. Other noteworthy tenants include Electronic Data Systems (EDS), SunTrust and the law firm Howrey, Simon, Arnold & White, LLP.

Richard Bopp, Senior Vice President and Branch Manager of GMACCM's Washington D.C. office, worked collaboratively with Fabrice Vasques and Ryan Pinson to structure this transaction for their client. "It was a team effort to secure permanent financing for our client who had allowed us to be their exclusive representative. Working closely with the borrower, we created an auction and selected Bear Stearns as the lender who best satisfied our client's needs."