WASHINGTON, DC--900 G St., NW, a 113,000-square-foot, trophy office building that MRP Realty and ASB Real Estate Investments delivered at the beginning of last year has a mere 10,136 square feet of space available to lease following new leases signed by Rio Tinto and Swiss Re at the building.
Cushman & Wakefield's Phillip Thomas and Kerri Mulligan represented the developers in the leases.
Other tenants in the Gold LEED building include Simpson Thacher, Truth Initiative, Herman Miller, BMW North America, Roberti Global and Bialek.
Prudential Mortgage Refis Another ASB Property for $105M
WASHINGTON, DC--Meanwhile, last month in another building, in another submarket and entirely different asset class Cushman & Wakefield helped ASB Real Estate Investments secure refinancing from Prudential Mortgage Capital Co.
ASB, on behalf of the $6.2 billion ASB Allegiance Fund, closed on a ten-year, $105 million fixed-rate loan of 3.39% for two apartment buildings in Rosslyn, Va., called the Sedona│Slate apartments. They are located at 1510 and 1530 Clarendon Blvd. and house 474 apartment units and about 10,000 square feet of retail space.
ASB acquired Sedona│Slate in 2013 for $222 million in cash from JBG Cos.
ABS is leveraging up some of its assets selectively to take advantage of the low interest rates, according to SVP and portfolio manager Larry Braithwaite.
WASHINGTON, DC--900 G St., NW, a 113,000-square-foot, trophy office building that MRP Realty and ASB Real Estate Investments delivered at the beginning of last year has a mere 10,136 square feet of space available to lease following new leases signed by
Cushman & Wakefield's Phillip Thomas and Kerri Mulligan represented the developers in the leases.
Other tenants in the Gold LEED building include
Prudential Mortgage Refis Another ASB Property for $105M
WASHINGTON, DC--Meanwhile, last month in another building, in another submarket and entirely different asset class Cushman & Wakefield helped ASB Real Estate Investments secure refinancing from Prudential Mortgage Capital Co.
ASB, on behalf of the $6.2 billion ASB Allegiance Fund, closed on a ten-year, $105 million fixed-rate loan of 3.39% for two apartment buildings in Rosslyn, Va., called the Sedona│Slate apartments. They are located at 1510 and 1530 Clarendon Blvd. and house 474 apartment units and about 10,000 square feet of retail space.
ASB acquired Sedona│Slate in 2013 for $222 million in cash from JBG Cos.
ABS is leveraging up some of its assets selectively to take advantage of the low interest rates, according to SVP and portfolio manager Larry Braithwaite.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
