Monday, October 15, 2012

HFF secures $91 million construction and permanent financing for Cathedral Commons in Washington, D.C.



Cathedral Commons rendering 
 WASHINGTON, D.C. – HFF announced today that it has secured $91 million in construction/permanent financing for Cathedral Commons, a mixed-use development totaling 264,272 square feet in Washington, D.C.

HFF worked on behalf of the borrower, a joint venture between Giant of Maryland and The Bozzuto Group, to secure the 13-year, fixed-rate, construction/permanent financing through Northwestern Mutual.


Upon completion, Cathedral Commons will include 137 luxury multi-housing rental units, eight luxury townhomes and 128,852 square feet of ground-level retail space.  

The retail portion of the property being leased by H&R Retail is 60 percent pre-leased and will be anchored by a 56,000-square-foot, state-of-the-art Giant Food grocery store.  The project is located at 3336 Wisconsin Avenue in the Cathedral Heights neighborhood of Washington, D.C.


Daniel McIntyre
The HFF team representing the borrower was led by managing director Mark Remington and director Daniel McIntyre.

“This is the successful culmination of a process that began by securing The Bozzuto Group as the development/joint venture partner for Giant of Maryland and then fully capitalizing the construction.  Together, Giant of Maryland, Bozzuto and Northwestern Mutual will bring this trophy-class asset to life”, said Remington.




 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com



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