DC Office Building Secures $146M Financing
An affiliate of Douglas Development Corp. has obtained the floating-rate loan for the 254,000-SF property at 1155 F. St. NW in the East End submarket.
WASHINGTON DC ā A Douglas Development Corp. affiliate has secured a $146.7 million floating-rate loan for the refinancing and tenant leasing costs of a 254,000-square-foot office building in Washington DC.
The loan was provided by the French multinational financial services firm, Natixis.
Douglas Development Corp. obtained the financing for the award-winning office asset located at 1155 F. St. NW in Washington DCās East End submarket.
The property is made up of three historic buildings located on 11th St., as well as a new tower located on 12th St.
The connected buildings feature a glass enclosed atrium lobby and exposed brick from the historic buildings. The office property also comprises 35,000 square feet of retail space, as well as two levels of below grade parking.