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| Artery Plaza, 7200 Wisconsin Avenue, Bethesda, MD |
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| Nicole Snarski |
WASHINGTON, DC – HFF announced it has secured a $103 million
refinancing for an 11-story, 274,526 square-foot office building at 7200
Wisconsin Avenue in downtown Bethesda, Maryland.
Working exclusively on behalf of the borrower, an affiliate of The JBG
Companies, HFF placed the four-year term with a one year extension option,
floating-rate loan with SunTrust Bank.
7200
Wisconsin Avenue is located at the corner of Wisconsin and Bethesda Avenues,
one of the most sought-after locations in the Washington, D.C. metro area.
The Bethesda Metro
Station (Red Line) is less than a five minute walk from the building, and the
property features a 7,000-square-foot landscaped plaza that serves as the
Wisconsin Avenue entrance.
Tenants include Edens, Linowes & Blocher, Singapore
Economic Development, University Research, Enviva and StonebridgeCarras.
 |
| Sue Carras |
The
HFF debt placement team representing the borrower included Sue Carras,
Walter Coker, Brian Crivella, Neil Campbell and Nicole Snarski.
“This refinancing affords the sponsor maximum flexibility to
use additional proceeds to fund tenant and capital improvements and leasing
commissions and create additional street-level retail, including a future jewel
box concept, to take advantage of its location at the center of one of the
strongest office, retail and residential enclaves in the D.C. metro area,”
Coker said.
Headquartered in Chevy Chase, Maryland, The JBG Companies is
a private real estate investment firm that develops, owns and manages office,
residential, hotel and retail properties.
The company has more than $10 billion in assets under
management and development in the Washington, D.C. area. Since 1960, JBG has been active in the areas
where it invests, striving to positively impact local communities.
 |
| Walter Coker |
For more information, please visit www.JBG.com
or find them on Twitter @TheJBGCompanies and
Facebook facebook.com/TheJBGCompanies.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF
Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading
provider of commercial real estate and capital markets services to the U.S.
commercial real estate industry.
HFF together with its affiliate HFFS offer clients a fully
integrated national capital markets platform including debt placement,
investment sales, equity placement, advisory services, loan sales and
commercial loan servicing.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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