WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $18 million in financing for 1100 G Street, NW, (top left photo) an 11-story, 109,959-square-foot office building in Washington, D.C.
HFF director Dan McIntyre (middle right photo) worked exclusively on behalf of the borrower, a venture composed of a value-added fund advised by UBS Global Asset Management and entities controlled by the J Street Companies, in arranging the three-year revolving line of credit with TD Bank.
1100 G Street, NW is located at the corner of 11th and G Streets, three blocks west of the Verizon Center (bottom right photo) and across the street from Metro Center in the heart of the East End submarket of Washington, D.C.
The free-standing property is 85% leased and features a three-level underground parking garage and 10,000-square-foot floor plates, which are “ideal for the District’s significant base of medium-sized tenants”.
A major renovation to the property is well underway including upgrades and restorations to the exterior façade and entry, main lobby, common area corridors and restrooms.
In addition to its US real estate business, UBS Global Asset Management, Global Real Estate also manages investments in Europe, Asia and Australia, totaling more than $54 billion in real estate and real estate securities worldwide.
In the US it operates through its legal entities, UBS Realty Investors LLC and UBS AgriVest LLC, registered investment advisors.
Contacts:
Daniel J. McIntyre, HFF Director, (202) 533-2500, dmcintyre@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852 3500, krmurphy@hfflp.com
No comments:
Post a Comment