WASHINGTON DC – 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 DC's East End submarket.
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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.
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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.
