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."


In the coming days's sister publication RealEstate Forum will be publishing the results of a capitalmarkets survey of our readers in which we asked about theavailability of debt and equity for transactions. Debt funds haveindeed become even more competitive, the results will show, alongwith other sources of finance.

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