WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of 51 Louisiana Avenue,(above photo) a historic office building and 300 New Jersey Avenue, a to-be-built, 10-story office tower in Washington, D.C. HFF executive managing director Steven Conley (top right photo), senior managing director John Duffy (bottom left photo) and managing director Andrew Weir (middle left photo) led the investment sales team on behalf of 
the seller, The JBG Companies.
the seller, The JBG Companies.Dweck Properties purchased the project for an undisclosed amount. In coordination with the sale, HFF arranged a $241.1 million financing for the acquisition of the project.
Designed by the New York firm of Shreve, Lamb and Hamon (architects for the Empire State Building) and built in 1935, 51 Louisiana Avenue has 205,580 square feet of office space and fe
atures a limestone façade, 15-foot ceiling heights and a conference center on the 7th floor opening onto a rooftop terrace that provides extraordinary views of the United States Capitol.
atures a limestone façade, 15-foot ceiling heights and a conference center on the 7th floor opening onto a rooftop terrace that provides extraordinary views of the United States Capitol. Designed by world renowned architect, Sir Richard Rogers, 300 New Jersey Avenue, due for completion in November 2008, will be a LEED-certified, 255,391-square-foot building with all glass façade construction above a six-level, 450-space underground parking garage.
The property will feature a rooftop terrace with sweeping views of the U.S. Capitol, an outside plaza and a fitness center. Additionally, a 10-story, glass enclosed atrium will serve to connect the properties, which are 77% leased to Jones Day.“51 Louisiana and 300 New Jersey Avenue will be one of the finest office complexes
in Washington, D.C., combining the classic design of a historical office building with the modern architectural features of an impressive all-glass façade building,” said Conley. “In addition, both buildings will have extraordinary unobstructed views of the U.S. Capital and surrounding cityscape.”
in Washington, D.C., combining the classic design of a historical office building with the modern architectural features of an impressive all-glass façade building,” said Conley. “In addition, both buildings will have extraordinary unobstructed views of the U.S. Capital and surrounding cityscape.” The JBG Companies acquire and develop office, multifamily, hotel and mixed-use projects and since their inception in 1960 have developed, owned or managed over 30 million square feet of office space, 5.5 million square feet of retail space, 15,000 residential units and 15 hotel properties totaling over 4,500 rooms.
It is currently responsible for development/redevelopment opportunities of approximately 8.5 million square feet of office space, 2.2 million square feet of retail space, 13,200 multifamily residential units and 2,500 hotel rooms throughout the Washington Metropolitan area.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national cap
ital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.
ital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. CONTACTS:
Stephen C. Conley, HFF Executive Managing Director, 202 533 2500, sconley@hfflp.com/
John E. Duffy, HFF Senior Managing Director, 202 533 2500, jduffy@hfflp.com/
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com/
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