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The Howard Hughes Corporation Secures $193M Financing for Downtown Columbia Office, Multifamily
JLL has arranged two separate financings totaling $193 million for 6100 Merriweather, a Class A office building in Downtown Columbia, MD, and Juniper, the adjacent apartment community.
The borrow is The Howard Hughes Corporation, which owns, manages and develops commercial, residential and mixed-use real estate throughout the US.
Jamie Leachman and Drake Greer led a JLL team in securing a $76 million, three-year, fixed-rate loan for 6100 Merriweather and a $117 million, five-year, fixed-rate loan for Juniper. Both loans were used to take out existing construction financing.
6100 Merriweather was completed in 2019 and offers 317,189 square feet of Class A office space anchored by Tenable and CareFirst. The 2020-constructed Juniper multifamily building includes 55,693 square feet of street-level retail.
Both properties are positioned in the mixed-use Merriweather District of Downtown Columbia, which at full buildout will add 4.3 million square feet of new office, 6,244 multifamily units, 1.25 million square feet of retail and 640 hotel rooms to the destination.
Photo, l-r: 6100 Merriweather, Juniper
- ◦Financing
