Search
 

$49M "Bridge Lite"-Style Life Loan Finances Hampden Square Sale

BETHESDA, MD--The Donohoe Cos. has acquired Hampden Square and plans to maximize its location near a future metro stop.

By Erika Morphy | erikamorphy | | Updated on July 12, 2016
Hampden Square Hampden Square

BETHESDA, MD–The Donohoe Cos. has acquired Hampden Square, a 12-story, 145,951-square foot office building at 4800 Montgomery Lane from American Realty Advisors. The building is currently 85% leased with five full-floor tenants. It is not clear what Donohoe Cos. paid for the building but it did secure a $49 million loan for its acquisition from a life insurance company.

Cushman & Wakefield’s Bill Collins, Paul Collins, Drew Flood and Shaun Weinberg represented ARA in the sale of the building and C&W’s John Campanella arranged the ten-year, fixed-rate loan on behalf of The Donohoe Cos.

Campanella told GlobeSt.com that Donohoe has big plans for the property and plans to capitalize on its proximity to a nearby future metro stop. Hampden Square is located at the intersection of Montgomery Lane and Woodmont Avenue, within one block of the Red Line’s Bethesda Metro station and a planned Purple Line station.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.