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| Rendering of planned 8300 Wisconsin mixed-use development, Washington, DC |
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| Sue Carras |
WASHINGTON, D.C. – HFF announced today that it has secured
$121.6 million in financing for the development of 8300 Wisconsin in
Bethesda, Maryland, which will include 359 luxury apartment residences and a
50,000-square-foot Harris Teeter grocery store.
HFF worked on behalf of StonebridgeCarras to secure the
construction financing through Wells Fargo Bank.
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| Walter Coker |
Slated for completion in 2015, 8300 Wisconsin is situated at
the entrance to Bethesda on a 1.6-acre site at the intersection of Battery
Lane, just south of the National Institutes of Health and Walter Reed
campuses.
The nine-story building will occupy an entire city
block. Community amenities will include
a landscaped courtyard, rooftop swimming pool with separate lap pool, rooftop
demonstration kitchen, clubroom, fitness center, business center and 24-hour
concierge services.
The HFF debt placement team was led by Sue Carras, Walter
Coker and Brian Crivella.
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| Brian Crivella |
StonebridgeCarras is a privately-held real estate investment
and development firm based in Bethesda, Maryland focusing primarily on
developing mixed-use properties in the Washington, D.C. metropolitan region.
During the past 20
years, the principals of StonebridgeCarras, LLC have been involved in the
acquisition, development, joint venture, financing, and disposition of real
estate assets in the Washington area exceeding $5 billion in value.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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