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CHEVY CHASE, MD-An entity of the JBG Cos. secured $82.2 million in financing for its Chase Tower office and retail complex. The borrower sought out the loan on the fully occupied property for the purpose of recapitalizing debt.

Holliday Fenoglio Fowler LP’s Bob Donhauser, Bill Asbill, and Cary Abod orchestrated the transaction on behalf of securing the fixed-rate loan from MetLife Real Estate Investments. “HFF was able to find a lender that would provide an interest only period for 10 years, which was a requirement of the borrower,” Donhauser notes. According to Montgomery County records the complex has a current assessed value of approximately $55.4 million.

Chase Tower sits at 4445 Willard Ave., just six miles way from Washington, DC’s central business district and mere steps from the District’s Friendship Heights submarket. JBG joined forces with JER Partners to develop the mixed-use property, which opened its doors in 2001. Designed by RTKL Associates Inc., the class A complex consists of a 12-story office tower of 227,300, a two-story retail structure totaling 21,100 sf and a parking facility to accommodate 460 vehicles.

Ritz-Carlton Hotel Co., Capital Source Finance LLC and JBG headline the tenant roster at Chase Tower. Capital Source pre-leased 16,800 sf of space on the 12th floor office building under a 10-year agreement; Ritz-Carlton signed on for 40,500 sf in 2002.

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