00093783 —

Jun 17-11:10
Listing Began:

Description

Seller's Comments and Description:

NOTICE OF TRUSTEE’S SALE

4401 NORTH FAIRFAX DRIVE,

ARLINGTON, VA 22203

In execution of a Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing securing certain indebtedness in the original principal amount of $223,400,000.00 plus interest accrued thereon, given by BSREP II Arlington Square LLC (“Grantor”), dated as of August 3, 2018, and recorded on August 23, 2018, in the Land Records for Arlington County, Virginia (the “Official Records”), in Instrument No. 20180100014727, (as anytime modified, the “Deed of Trust”), the Substitute Trustee will offer for sale at public auction at the entrance of the Circuit Court for the County of Arlington, Virginia, located at 1425 North Courthouse Road, Arlington, Virginia 22201, on June 18, 2025, at 11:00 a.m., all of Grantor’s right, title, and interest in the following described property (collectively, the “Property”):

(a) Land. The real property described below as follows:

All that certain lot or parcel of land situate, lying and being in Arlington County, Virginia, and being more particularly described as follows:

Parcel A, Arlington Square, as the same is duly dedicated, platted and recorded by Deed of Resubdivision in Deed Book 2210 at page 994, among the Land Records of Arlington County, Virginia.

NOTE FOR INFORMATIONAL PURPOSES ONLY:

RPC No. 14-017-016

(b) Additional Land. All additional lands, estates and development rights hereafter acquired by Grantor for use in connection with the Land and the development of the Land and all additional lands and estates therein which may, from time to time, by supplemental mortgage or otherwise be expressly made subject to the lien of this Security Instrument;

(c) Improvements. The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the "Improvements");

(d) Easements. All easements, rights-of-way or use, rights, strips and gores of land, streets, ways, alleys, passages, sewer rights, water, water courses, water rights and powers, air rights and development rights, and all estates, rights, titles, interests, privileges, liberties, servitudes, tenements, hereditaments and appurtenances of any nature whatsoever, in any way now or hereafter belonging, relating or pertaining to the Land and the Improvements and the reversion and reversions and remainders, and all land lying in the bed of any street, road or avenue, opened or proposed, in front of or adjoining the Land, to the center line thereof and all the estates, rights, titles, interests, dower and rights of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both at law and in equity, of Grantor of, in and to the Land and the Improvements and every part and parcel thereof, with the appurtenances thereto;

(e) Equipment. All "goods" and "equipment," as such terms are defined in Article 9 of the Uniform Commercial Code (as hereinafter defined), now owned or hereafter acquired by Grantor, which is used at or in connection with the Improvements or the Land (including, but not limited to, all machinery, equipment, furnishings, and electronic data-processing and other office equipment now owned or hereafter acquired by Grantor and any and all additions, substitutions and replacements of any of the foregoing), together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto (collectively, the "Equipment"). Notwithstanding the foregoing, Equipment shall not include any property belonging to tenants under leases except to the extent that Grantor shall have any right or interest therein (and only to the extent of such right or interest);

(f) Fixtures. All Equipment now owned, or the ownership of which is hereafter acquired by Grantor which is so related to the Land and Improvements forming part of the Property that it is deemed fixtures or real property under the law of the particular state in which the Equipment is located, including, without limitation, all building or construction materials intended for construction, reconstruction, alteration or repair of or installation on the Property, construction equipment, appliances, machinery, plant equipment, fittings, apparatuses, fixtures and other items now or hereafter attached to, installed in or used in connection with (temporarily or permanently) any of the Improvements or the Land, including, but not limited to, engines, devices for the operation of pumps, pipes, plumbing, cleaning, call and sprinkler systems, fire extinguishing apparatuses and equipment, heating, ventilating, plumbing, laundry, incinerating, electrical, air conditioning and air cooling equipment and systems, gas and electric machinery, appurtenances and equipment, pollution control equipment, security systems, disposals, dishwasher, refrigerators and ranges, recreational equipment and facilities of all kinds, and water, gas, electrical, storm and sanitary sewer facilities, utility lines and equipment (whether owned individually or jointly with others, and, if owned jointly, to the extent of Grantor's interest therein) and all other utilities whether or not situated in casements, all water tanks, water supply, water power sites, fuel stations, fuel tanks, fuel supply, and all other structures, together with all accessions, appurtenances, additions, replacements, betterments and substitutions for any of the foregoing and the proceeds thereof (collectively, the "Fixtures"). Notwithstanding the foregoing, "Fixtures" shall not include any property which tenants are entitled to remove pursuant to leases except to the extent that Grantor shall have any right or interest therein (and only to the extent of such right or interest);

(g) Personal Property. All furniture, furnishings, objects of art machinery, goods, tools, supplies, appliances, general intangibles, contract rights, accounts, accounts receivable, franchises, licenses, certificates and permits, and all other personal property of any kind or character whatsoever (as defined in and subject to the provisions of the Uniform Commercial Code as hereinafter defined), other than Fixtures, which are now or hereafter owned by Grantor and which are located within or about the Land and the Improvements, together with all accessories, replacements and substitutions thereto or therefor and the proceeds thereof (collectively, the "Personal Property"), and the right, title and interest of Grantor in and to any of the Personal Property which may be subject to any security interests, as defined in the Uniform Commercial Code, as adopted and enacted by the state or states where any of the Property is located (the "Uniform Commercial Code”), superior in lien to the lien of this Security Instrument and all proceeds and products of the above;

(h) Leases and Rents. All leases, subleases or subsubleases, lettings, licenses, concessions or other agreements (whether written or oral) pursuant to which any Person is granted a possessor/interest in, or right to use or occupy all or any portion of the Land and the Improvements, and every modification, amendment or other agreement relating to such leases, subleases, subsubleases, or other agreements entered into in connection with such leases, subleases, subsubleases, or other agreements and every guarantee of the performance and observance of the covenants, conditions and agreements to be performed and observed by the other party thereto, heretofore or hereafter entered into (collectively, the “Leases"), whether before or after the filing by or against Grantor of any petition for relief under the Bankruptcy Code and all right, title and interest of Grantor, its successors and assigns therein and thereunder, including, without limitation, cash or securities deposited thereunder to secure the performance by the lessees of their obligations thereunder and all rents, additional rents, revenues, issues and profits (including all oil and gas or other mineral royalties and bonuses) from the Land and the Improvements whether paid or accruing before or after the filing by or against Grantor of any petition for relief under the Bankruptcy Code (collectively, the "Rents") and all proceeds from the sale or other disposition of the Leases and the right to receive and apply the Rents to the payment of the Debt;

(i) Condemnation Awards. All awards or payments, including interest thereon, which may heretofore and hereafter be made with respect to the Property, whether from the exercise of the right of eminent domain (including but not limited to any transfer made in lieu of or in anticipation of the exercise of the right), or for a change of grade, or for any other injury to or decrease in the value of the Property;

(j) Insurance Proceeds. All proceeds in respect of the Property under any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Property;

(k) Tax Certiorari. All refines, rebates or credits in connection with reduction in real estate taxes and assessments charged against the Property as a result of tax certiorari or any applications or proceedings for reduction;

(l) Rights. During the continuance of any Event of Default, the right, in the name of and on behalf of Grantor, to appear in and defend any action or proceeding brought with respect to the Property and to commence any action or proceeding to protect the interest of Lender in the Property;

(m) Agreements. All agreements, contracts, certificates, instruments, franchises, permits, licenses, plans, specifications and other documents, now or hereafter entered into, and all rights therein and thereto, respecting or pertaining to the use, occupation, construction, management or operation of the Land and any part thereof and any Improvements or respecting or pertaining to any business or activity conducted on the Land and any part thereof and all right, title and interest of Grantor therein and thereunder, including without limitation, the right, upon the happening of any default hereunder, to receive and collect any sums payable to Grantor thereunder;

(n) Trademarks. All tradenames, trademarks, servicemarks, logos, copyrights, goodwill, books and records and all other general intangibles relating to or sued in connection with the operation of the Property;

(o) Accounts. All reserves, escrows and deposit accounts maintained by Grantor with respect to the Property, including, without limitation, the Deposit Account, the Cash Management Account, and the accounts in which the Reserve Funds are held, together with all deposits or wire transfers made to such accounts, all cash, checks, drafts, certificates, securities, investment property, financial assets, instruments and other property held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof;

(p) Tort Claims. All commercial tort claims Grantor now has or hereafter acquires relating to the properties, rights, titles and interests referred to herein;

(q) Letter of Credit. All letter-of-credit rights (whether or not the letter of credit is evidenced by a writing) Grantor now has or hereafter acquires relating to the properties, rights, titles and interests referred to herein;

(r) Conversion. All proceeds of the conversion, voluntary or involuntary, of any of the foregoing, including, without limitation, proceeds of insurance and condemnation awards, into cash or liquidation claims or otherwise;

(s) Interest Rate Protection Agreement. The Interest Rate Protection Agreement, including, but not limited to all “accounts”, “chattel paper”, “general intangibles”, and “investment property” (as such items are defined in the Uniform Commercial Code in effect in the State of New York from time to time in effect) constituting or relating to the foregoing, and all products and proceeds of the foregoing; and

(t) Other Rights. Any and all other lights of Grantor in and to the items set forth above.

All property sold will be sold “AS IS.” There is no warranty of merchantability or fitness for a particular purpose given in connection with the sale of any of the property. Title to the property will pass from the Substitute Trustee by special warranty deed and the sale of the property will be made subject to all existing superior liens, easements, and restrictive covenants, as the same may lawfully affect such property.

TERMS OF SALE: ALL CASH. A bidder’s deposit of 10% will be required in cash or other certified funds. The beneficiary under the Deed of Trust, if a bidder, shall not be required to post a deposit. Settlement must occur within fifteen (15) days of sale, otherwise the bidder’s deposit may be forfeited to the Substitute Trustee. The beneficiary under the Deed of Trust has rights to credit bid some or all of the indebtedness owed to it by Borrower. Additional terms to be announced at sale.

Alexandra Brooks and Robin Fagler are the Substitute Trustee pursuant to that certain Deed of Appointment of Substitute Trustee, dated as of May 7, 2025, and recorded on May 12, 2025, in the Official Records, in Instrument No. 20250100005602, and are also serving as agent for the beneficiary/secured party under the Deed of Trust.

For information, please contact:

Llynn K. White

POLSINELLI PC

7676 Forsyth Boulevard, Suite 800

St. Louis, Missouri 63105

(314) 552-6804

lwhite@polsinelli.com

Attorney for Wells Fargo Bank, National Association,

solely in its capacity as Trustee for the benefit of the

Certificateholders of Morgan Stanley Capital I Trust

2018-BOP Commercial Mortgage Pass-Through

Certificates, Series 2018-BOP

(Beneficiary of the Deed of Trust)

Run Dates: June 6th, 2025

June 13th, 2025

AD#93783





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