X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Office redevelopment and construction loans are still rare enough that most transactions are enough to turn heads—without the building in question being a historic landmark. Douglas Development’s recent $21.3-million reconstruction loan falls into both categories.

A domestic bank provided the company with a seven-year construction-permanent loan to redevelop the Wonder Bread Building at 641 S St., NW. CBRE Capital Markets helped to secure the funds. The building was formerly a distribution warehouse for Hostess, which recently announced it would cease making such iconic junk foods as Twinkies and Ding Dongs.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.