JLL Arranges $69M Refi for DC Office Building
The firm’s capital markets team represented the borrower, Mirae Asset Global Investments, in securing the floating-rate loan for the fully-leased building.
WASHINGTON DC – JLL Capital Markets has arranged $68.5 million in refinancing for an office building in downtown Washington DC, on behalf of the borrower, Mirae Asset Global Investments.
The 165,604-square-foot property, located at 1750 K St. in the city’s Golden Triangle neighborhood, is fully-leased to five tenants. The 12-story building offers flexible floorplates of 12,000 square feet and is situated within walking distance to transit and retail options.
JLL worked with Bridge Investment Group Holdings to place the floating-rate loan on behalf of the borrower. Loan proceeds will be used to repay the existing loan.
JLL’s capital markets debt placement team, led by managing director, Cary Abod, senior director, Rob Carey and senior managing director, Andrew Weir, represented the borrower.
