WASHINGTON, DC—Earlier this week DTZ announced it secured $45 million to refinance 1133 Connecticut Ave., but only cited a pension fund as the source. GlobeSt.com has been told by a source that the loan was provided by the New York State Teachers' Retirement System.
The building is owned by a JV between Lerner Enterprises and the Lenkin Co.
Request for comment to DTZ and NYSTRS were not immediately returned.
The 12-story, 176,297-square foot building has about 27,000-square feet of street level retail. It houses such tenants as Wells Fargo and H&M.
Executive Managing Director Philip Mudd and Vice President Bradley Geiger of DTZ arranged the long-term fixed-rate financing.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.