 |
| 1750 K Street, Downtown Washington, DC |
WASHINGTON, DC, June 17, 2020 – JLL Capital
Markets announced today that it has arranged a $68.5 million refinancing for
1750 K Street, a fully leased, 165,604-square-foot office building on K Street in
the heart of downtown Washington, D.C.
 |
| Cary Abod |
JLL worked on behalf of the borrower, Mirae Asset Global
Investments, to place the floating-rate loan with Bridge Investment Group
Holdings. Loan proceeds will be used to repay the existing loan.
1750 K Street is a 12-story office building located in the heart of
the Golden Triangle neighborhood in Washington, D.C.’s CBD.
The prominent K
Street address offers tenants a prestigious office location with walkable
access to transit and the many dining and shopping options available in this
premier live-work-play environment.
The building is fully leased to five
tenants and offers three sides of light and air, and flexible floorplates of
approximately 12,000 square feet, making this building ideal for a variety of
users.
The JLL Capital Markets debt placement team representing the
borrower was led by Managing Director Cary Abod, Senior Director Rob Carey and
Senior Managing Director Andrew Weir.
 |
| Rob Carey |
JLL Capital Markets is a full-service global provider of capital
solutions for real estate investors and occupiers.
The firm's in-depth local
market and global investor knowledge delivers the best-in-class solutions for
clients — whether investment advisory, debt placement, equity placement or a
recapitalization.
The firm has more than 3,700 Capital Markets specialists
worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please
visit the firm’s U.S. media center Web page: U.S. newsroom.
About Mirae Asset Global Investments
Mirae
Asset Global Investments was founded in
South Korea and now operates worldwide across 12 markets, where it takes a
collaborative approach in managing a fully diversified investment platform.
 |
| Andrew Weir |
Powered by a unique perspective and the expertise of its global
investment professionals, Mirae Asset Global Investments adapts to its clients’
evolving needs, providing them with innovative investments solutions and
intelligent ways to achieve their investment objectives.
Mirae Asset Global Investments currently invests over $146bn on
behalf of clients, giving the firm the scale and experience to identify
opportunities in a changing world (AUM as of December 2019).
About Bridge Investment Group
Bridge
Investment Group is a privately held real estate
investment management firm with $20.2 billion in assets under
management.
Bridge combines its 4,000+ person, nationwide operating
platform with specialized teams of investment professionals focused on select
U.S. real estate verticals: multifamily, office, seniors housing, affordable
housing, opportunity zones and debt strategies direct lending.
CONTACT:
Kimberly
Steele
JLL Senior Associate
Public Relations
Phone: +1 713 852 3420
visit jll.com.
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