 |
| 1509 16th Street, Washington, DC |
WASHINGTON, D.C. –
HFF announced it has placed $14.475 million in financing for 1509 16th Street NW, a
32,000-square-foot office building in Washington, D.C.’s Dupont Circle.
 |
| Dan McIntyre |
HFF worked on behalf of the borrower, MRP Realty and
UberOffices, to secure the 10-year, fixed-rate loan through First National
Bank. Loan proceeds were used to acquire
the building and fund renovation/lease-up costs.
1509 16th Street NW is situated in downtown Washington, D.C.
about eight blocks from the White House and four blocks from The Dupont Circle
Metro station.
Originally built in 1909,
the building will be fully renovated by early 2016 for owner/user UberOffices,
which will occupy the entire building.
The HFF debt placement team representing the borrower was
led by director Dan McIntyre.
For a complete copy
of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment