Jemal Equities Secured Refinancing for Arlington Office
The firm obtained a $28 million loan for its 174,000-square-foot office property on Wilson Boulevard.
Updated on Oct. 7, 2026 in Commercial
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Jemal Equities has secured a $28 million commercial mortgage-backed securities loan for its office building at 1530 Wilson Boulevard in Arlington. Citigroup provided the financing for the property, which was acquired by the firm in October 2025.
Why it matters
The refinancing provides capital for the office asset as the owner continues to execute value-add improvements. Upgrades already completed include a lobby renovation, a new outdoor terrace, and a fitness center to enhance the tenant experience.
The property spans 174,000 square feet and currently maintains an 89 percent occupancy rate. The building features a weighted average lease term of 6.8 years, a significant increase from the 2.8-year term reported at the time of acquisition.
The players
Jemal Equities
This is a real estate investment and development firm that owns the office property at 1530 Wilson Boulevard.
Citigroup
This is a global financial services corporation that served as the lender for the $28 million refinancing package.
Meridian Capital Group
This is a commercial real estate finance and advisory firm that arranged the debt financing for the property owner.
Cary Pollack
He is a financial negotiator at Meridian Capital Group who helped secure the loan for the office building.
Judah Neuman
He is a financial professional at Meridian Capital Group who worked on the negotiation of the commercial mortgage loan.
The details
The debt financing was arranged by Meridian Capital Group and negotiated by Cary Pollack and Judah Neuman. In addition to the recent building upgrades, the owner is currently developing a new 50-person conference center for the office complex.
Timeline
Velocis purchased the property for $71.4 million in April 2020.
Jemal Equities acquired the building in October 2025 for $28 million.
Jemal Equities secured the $28 million refinancing loan in October 2026.
Roadmap
The office-to-amenity transformation trend in commercial real estate remains a critical strategy for attracting tenants to older assets. By prioritizing modern upgrades, firms aim to maintain competitiveness against newer construction while stabilizing cash flows for long-term ownership.
The development of a new 50-person conference center will offer local business tenants additional meeting space within the Rosslyn area. This enhancement to the property at 1530 Wilson Boulevard may also support continued high occupancy levels for the office building.
The takeaway
Commercial property owners are increasingly leveraging significant renovations to improve occupancy rates and lease terms. These physical upgrades are often essential for securing refinancing in a market that prioritizes modern office amenities.
Further reading
For more on market trends, visit the Commercial section.
Source note: This article includes information reported by Commercial Observer.
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