Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $66.5 million refinancing for 900 G Street, a 112,635-square-foot, trophy office building in Washington, D.C.’s East End.
HFF worked on behalf of ASB Real Estate Investments to secure the loan through Prudential Mortgage Capital Company.
Completed in 2015, 900 G Street is a LEED Gold office property featuring a three-level, below-grade parking garage, windows on three elevations with floor-to-ceiling glass and a rooftop conference center. Anchored by law firm, Simpson Thacher & Bartlett LLP, 900 G Street is also home to BMW, Herman Miller, Roberti Global and the Truth Initiative. The property is situated across the street from the Gallery Place/Chinatown Metro station and less than two blocks from the Metro Center Metro station. In addition, the property has access to numerous Metrobus routes and multiple Capital Bikeshare locations. Neighbors within one block of 900 G Street include the Verizon Center, the Harman Center for the Arts and the National Portrait Gallery.
The HFF debt placement team representing the borrower was led by Sue Carras, Cary Abod, Dan McIntyre and Rob Carey.
About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management, LLC, is a leading U.S. real estate investment management firm, managing $6.8 billion* in gross assets under management for over 360 institutional clients. Headquartered in Washington, D.C., ASB invests in major urban markets across the country, concentrating in office, multifamily, retail and industrial properties. ASB manages the ASB Allegiance Real Estate Fund, its sole vehicle for core investing; the ASB Meridian Real Estate Funds, a series of low-leverage value creation vehicles; and a development separate account. For more information about the company, visit www.asbrealestate.com.
*As of 6/30/2016.
About HFF
HFF 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 hfflp.com or follow HFF on Twitter @HFF.
