JLL has arranged the recapitalization of Midtown Center, an 868,834-square-foot, trophy office property in the heart of Washington, D.C. Midtown Center is the headquarters location for Fannie Mae.

Midtown Center has a prominent location at 1100 15th St. NW in the heart of Washington, D.C.’s central business district. The property is three blocks from the White House and is surrounded by more than 3,500 hotel rooms, numerous cultural attractions and high-end restaurants and retail offerings. Completed in 2018, Midtown Center is a LEED Gold-certified, trophy office property comprising two 14-story towers that are interconnected through three skybridges.

Jim Meisel, Andrew Weir, Matt Nicholson and Dave Baker of JLL worked on behalf of the developer and owner, Carr Properties, to source equity through a consortium of Korean investors led by IGIS Asset Management. The Korean consortium will own a minority interest in the REIT that owns the property.