WASHINGTON, DC-Cassidy Turley has arranged $95 million in permanent financing for the McPherson Building, a 253,000-square-foot office building at 901 15th St., NW in Washington, DC. The 12-story trophy office building, constructed in 1988, underwent a $25.1-million improvement in 2009-10.
David Webb and John Campanella of Cassidy Turley arranged the long-term, fixed-rate loan for Clarion Partners through a life insurance company. Clarion Partners is the property manager for the Abu Dhabi Investment Authority, the owner of McPherson Building. For the full story, go to Commercial Property Executive .
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