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WASHINGTON, DC-Owners of 1801 L St., a 95% occupied office building in the CBD, have secured $34 million in permanent financing. The building owners and original developers, three prominent local families, refinanced a bank loan with a fixed-rate, long-term loan provided by a life insurer. Cassidy & Pinkard Colliers’ Phil Mudd, Christian Miles and Jon Goldstein secured the funds on behalf of Eleven Eighteen Limited Partnership. Mudd declined to provide GlobeSt.com with additional details about the financing or provider. A 206,181 square foot building, 1801 L has been the beneficiary of stepped up government activity in the economy. Earlier this year the Treasury Department leased 95% of the building, in part to house administrators of the Troubled Assets Relief Program (TARP). GSA will take full occupancy over a staggered period into the first half of 2010.

The deal is illustrative of the life insurance companies’ re-emergence in the capital markets–a trend that has been quietly gaining traction in the last two months. As life insurance companies begin to set allocations for 2010, Mudd believes this trend will continue in the new year, although he hasn’t heard of any specifics, he tells GlobeSt.com.

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