Friday, May 18, 2018

HFF announces $54 Million sale and $25 Million financing of 1100 G Street in Washington, D.C.



1100 G Street Rendering, Washington, DC

Stephen Conley
WASHINGTON, D.C., May 18, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $54 million sale of and the $25 million financing of 1100 G Street, an approximately 110,000-square-foot office building in the East End submarket of Washington, D.C.

The HFF team marketed the property on behalf of the seller, an investor account advised by UBS Asset Management, and procured the buyer, a joint venture between Meritage Properties and a Japanese private investor advised and represented by Tokyo Trust Capital Ltd. 

 Additionally, the HFF team placed a five-year, floating-rate acquisition loan on behalf of the buyer.

Jim Meisel
1100 G Street is situated at the corner of 11th and G Streets in the East End, Washington, D.C.’s largest and strongest performing submarket. 

The institutional-quality office building is within walking distance of four Metrorail stations – Metro Center, Gallery Place-Chinatown, Federal Triangle and McPherson Square. The building also has direct vehicular access via 11th Street to major thoroughfares, including New York and Pennsylvania Avenues; K Street; Interstates 66, 395 and 695 and the George Washington Parkway. 

 Additionally, 1100 G Street is surrounded by more than three million square feet of retail amenities at Gallery Place, Chinatown, Penn Quarter, CityCenterDC and more.

Andrew Weir
The HFF investment advisory team representing the seller included Stephen Conley, Jim Meisel, Andrew Weir, Matt Nicholson and Dave Baker.

HFF’s debt placement team representing the borrower consisted of Dan McIntyre and Jay Graham.

“1100 G Street falls squarely within our strategy of acquiring well-located urban office properties that can benefit from the kind of hands-on renovation and repositioning that has become the hallmark of the Meritage brand,” said Meritage CEO Andy Nathan. 

“Having focused many of our efforts over the past several years in the greater Boston market, we are pleased to be joining with Tokyo Trust and its investor client on this exciting new opportunity in D.C.”


For more information, please contact:

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990


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