WASHINGTON D.C. – Ocean West Capital Partners and Hana Alternative Asset Management have obtained $275 million in financing for 300 E. St. SW., which serves as NASA's Washington D.C. headquarters.
With the financing, the partnership has recapitalized its equity interest in the property and monetized its lease with NASA, which is currently the sixth largest GSA lease in the country.
The proceeds provide the owners with attractive fixed-rate pricing on debt, which is to be repaid on an interest-only basis until the loan's 2028 maturity date, which coincides with NASA's lease.
Recommended For You
Independent financial services firm Mesirow led the financing. Mesirow additionally served as placement agent and administrative agent on the financing.
Cushman & Wakefield served the borrower's advisor in shaping the loan request and brokering the ultimate engagement with Mesirow.
"Executing in today's debt markets presents a degree of challenge that we are proud to have met through close partnership and collaboration across several unique facets of the Mesirow franchise, including our muni desk and the more traditional CRE fixed income sales and trading channels," states Mesirow Capital Markets president Nat Sager. "We are extremely pleased by the end result and the satisfaction it provided to the client and our institutional fixed income investors."
"We evaluated a variety of financing alternatives for this asset, and the approach and creativity offered by Mesirow were unique and far superior to other options," says Ocean West Capital Partners CEO Russ Allegrette. "In a tough market, Mesirow delivered on their initial guidance."
© 2025 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.
