ROCKVILLE, MD—JBG Cos. has secured $30million from a national debt fund for 5635 FishersLane. Cassidy Turley's John Campanellaand Paul Spellman arranged the financing.
5635 Fishers Lane is a 184,638-square foot office located withinwalking distance to the Twinbrook Metrorail station. The buildingis fully leased to five tenants and is anchored by the NationalInstitutes of Health, which occupies 66% of the building.
The transaction illustrates how competitive the debt funds arein today's marketplace, Campanella says. In many cases, they are ascompetitively priced as the banks, "while providing borrowers withmore flexibility and higher leverage."
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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.
