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The Barclay


WASHINGTON, DCHFF secured $65 million in total financing for four apartment properties in Maryland’s Prince George’s County. It worked on behalf of Joseph Gildenhorn and Donald Brown, two of the co-founders of the JBG Cos., acting as representatives for the ownership partnerships, to secure four separate fixed-rate loans through Freddie Mac’s CME Program. The properties in the portfolio include: Barclay Square (180 units) located at 3598 Powder Mill Rd., in Beltsville; Townley Apartments (230 units) located at 11457 Cherry Hill Rd., in Beltsville; Hickory Hill (284 units) located at 3613 Silver Park Dr., in Suitland; and Sussex Square (226 units) located at 2316 Brooks Dr. in Suitland. The properties average 95% occupancy. The HFF team representing the borrower included Sue Carras, Jamie Leachman and Jay Graham.

GREENBELT, MD–National Center for Children and Families has signed a long-term lease at Capital Office Park for 12,616 square feet at 6404 Ivy Lane. Niel Beggy with Avison Young represented NCCF, and Lauren Weiss and Jose Flefil were in-house representation for Morning Calm, the owner of Capital Office Park.

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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.

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