January

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The sale was secured by a $75 million loan structured as avariable-rate, 30-year taxable bond sale. This transaction wasenhanced by a Letter of Credit facility provided by PNC Bank, inwhich Wells Fargo, Chevy Chase Bank and Virginia Commerce Bank alsoparticipated. PNC Capital Markets marketed the bonds. HFF seniormanaging directors Bill Asbill and Bob Donhauser and director CaryAbod represented MBA in the financing. HFF did not return calls intime for comment.

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The acquisition financing also provides MBA with enough proceedsto fund the remaining tenant improvement and leasing costs for the60% or so of the building that will be leased, according toAsbill.

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Delivered in April 2008, the MBA Headquarters Building is one ofthe few Gold LEED buildings here. It was pre-certified by USGBC asGold for the core and shell and Silver for the interior, accordingto Donhauser.

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