Wednesday, October 2, 2013

HFF secures $121.6 million financing for luxury apartment development in Bethesda, MD


Rendering of planned 8300 Wisconsin mixed-use development, Washington, DC

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.

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.

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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