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Deals Push Transwestern Over $750M

BETHESDA, MD-A Finmarc refinancing and a $150-million portfolio sale could help Transwestern close $1.2 billion in transactions.

By Erika Morphy | Updated on October 31, 2006

(To read more on the debt and equity markets, click here.)

BETHESDA, MD-Transwestern has closed two deals that have pushed the firm’s DC operations over the $750-million mark in financing for this year. One is a refinancing of 1701 Brightseat Rd., a 216,500-sf single tenant industry building in Landover owned by Finmarc Management Inc. The other deal is a $150-million portfolio sale that Clifford Mendelson, of Transwestern’s Structured Finance Group, won’t disclose other than to say the deal recently closed and some of the assets are in the DC area. “It was a very confidential transaction,” he tells GlobeSt.com.

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