Located at 3101 Wilson Blvd., the nine-story Hartford Building delivered in 2003 and is now fully leased. Tenants include architecture firm DMJM, defense contractor Stanley Associates, and Georgetown University. Ground floor retailers include TD Bank and Sette Bello, a Georgetown Entertainment Group restaurant. MRP acquired the property from Multi-Employer Property Trust this summer.
MRP's loan follows a $34-million refinancing secured by Cassidy & Pinkard Colliers for 1801 L St., this month. This particular deal was supported by a life insurance company, whereas 3101 Wilson's loan was supplied by Wells Fargo. Both transactions, though, point to a slight but growing thaw in debt for DC area properties.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
