WASHINGTON, DC-An affiliate of The Tower Cos. has secured a 10-year, fixed-rate refinance of $40.1 million from Prudential Insurance Co. for 1828 L St., NW. Cassidy Turley’s Philip Mudd, Christian Miles and Bradley Geiger represented the building owner.

In many ways, the deal was a no-brainer for Prudential. The asset is a CBD office building that is 95% occupied. The 12-story, 309,000-square-foot building is LEED Gold and has had its lobby, common areas and several building systems recently renovated. Finally, the building is owned by the family that originally developed it.

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