WASHINGTON DC – JLL Capital Markets has arranged $68.5 million in refinancing for an office building in downtown Washington DC, on behalf of the borrower, Mirae Asset Global Investments.
The 165,604-square-foot property, located at 1750 K St. in the city's Golden Triangle neighborhood, is fully-leased to five tenants. The 12-story building offers flexible floorplates of 12,000 square feet and is situated within walking distance to transit and retail options.
JLL worked with Bridge Investment Group Holdings to place the floating-rate loan on behalf of the borrower. Loan proceeds will be used to repay the existing loan.
JLL's capital markets debt placement team, led by managing director, Cary Abod, senior director, Rob Carey and senior managing director, Andrew Weir, represented the borrower.
1750 K St. in Washington DC.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
