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| 11 Dupont Circle, Washington, DC |
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| Sue Carras |
WASHINGTON, D.C. –
September 1, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that
it has arranged a $66.78 million financing for 11 Dupont Circle, a 155,713-square-foot office building in Dupont
Circle in Washington, D.C.
Working on behalf of the
borrower, First Potomac Realty Trust, HFF placed the 15-year, fixed-rate loan
with an insurance company separate account advised by an affiliate of Walton
Street Real Estate Debt (WSRED) in conjunction with KeyBank who will retain
servicing on the transaction. Loan
proceeds were used to finance the prior acquisition of the property.
Located in the epicenter
of Washington, D.C., Dupont Circle sits at the confluence of residential
neighborhoods, the city’s commercial core, and cultural and entertainment
hotspots.
11 Dupont Circle is situated at the nexus of
Connecticut, Massachusetts and New Hampshire Avenues and is within walking
distance of the Red Line metro station providing access to the entire
metropolitan area. Renovated in 2004,
the property is 96 percent leased to a diverse mix of tenants.
The HFF debt placement
team representing the borrower was led by Sue
Carras and Dan McIntyre.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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