$155M in Financing Flows for 1801 K St.

WASHINGTON, DC-About six weeks after reports surfaced regarding Starwood Capital Group Global LLC affiliates’ impending acquisition of the 565,000-sf building at 1801 K St., news about the financing behind the purchase has emerged. Commercial real estate capital concern Holliday Fenoglio Fowler LP has orchestrated a $155 million permanent financing package for the buyer, courtesy of RBS Greenwich Capital. That figure, HFF senior managing director Robert F. Donhauser tells GlobeSt.com, represents 85% of the acquisition price, which is approximately $182 million.

The 12-story tower at 1801 K St.–which features ground-level retail space and a subterranean parking facility capable of accommodating more than 400 vehicles–was built just over three decades ago, and boasts a prime location in the city’s Central Business District. Leased to near maximum capacity, the building is home to such occupants as Cushman & Wakefield, the Society of Plastics, Young & Rubicam, and retail space occupants Bank of America and Borders Books.