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Middle Market Digest: The Mid-Atlantic

WASHINGTON, DC--Deals and news from around the region.

By Erika Morphy | erikamorphy | Updated on October 06, 2017

The Modera. Photo by David Madison Photography

DEAL TRACKER

BETHESDA, MD–The Donohoe Cos. and USAA Real Estate have acquired 7101 Wisconsin Ave., a 230,904-square-foot office. HFF marketed the property on behalf of the seller, a joint venture of Brandywine Realty Trust and Allstate Investments. The asset was sold free and clear of existing debt. 7101 Wisconsin is a quarter mile from the Bethesda Metrorail Station.

FAIRFAX, VA–HFF secured $55 million in financing for Modera Fairfax Ridge, a 213-unit apartment building. The borrower was a joint venture between Mill Creek Residential Trust and The Olayan Group. The financing was a seven-year, floating-rate loan with ING Capital LLC. Loan proceeds were used to retire the existing construction financing. Modera Fairfax Ridge is located at 3887 Fairfax Ridge Road.

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