HFF secures $103 million refinancing for Class A office building in downtown Bethesda, MD

Artery Plaza, 7200 Wisconsin Avenue, Bethesda, MD

Nicole Snarski

WASHINGTON, DC – HFF announced it has secured a $103 million refinancing for an 11-story, 274,526 square-foot office building at 7200 Wisconsin Avenue in downtown Bethesda, Maryland.

                Working exclusively on behalf of the borrower, an affiliate of The JBG Companies, HFF placed the four-year term with a one year extension option, floating-rate loan with SunTrust Bank.

                7200 Wisconsin Avenue is located at the corner of Wisconsin and Bethesda Avenues, one of the most sought-after locations in the Washington, D.C. metro area.

 The Bethesda Metro Station (Red Line) is less than a five minute walk from the building, and the property features a 7,000-square-foot landscaped plaza that serves as the Wisconsin Avenue entrance. 

Tenants include Edens, Linowes & Blocher, Singapore Economic Development, University Research, Enviva and StonebridgeCarras.

Sue Carras

                The HFF debt placement team representing the borrower included Sue Carras, Walter Coker, Brian Crivella, Neil Campbell and Nicole Snarski.

“This refinancing affords the sponsor maximum flexibility to use additional proceeds to fund tenant and capital improvements and leasing commissions and create additional street-level retail, including a future jewel box concept, to take advantage of its location at the center of one of the strongest office, retail and residential enclaves in the D.C. metro area,” Coker said.

Headquartered in Chevy Chase, Maryland, The JBG Companies is a private real estate investment firm that develops, owns and manages office, residential, hotel and retail properties. 

The company has more than $10 billion in assets under management and development in the Washington, D.C. area.  Since 1960, JBG has been active in the areas where it invests, striving to positively impact local communities. 

Walter Coker

For more information, please visit www.JBG.com or find them on Twitter @TheJBGCompanies and Facebook facebook.com/TheJBGCompanies.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.

HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. 

For more information please visit www.hfflp.com or follow HFF on Twitter @HFF.

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

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com