Washington DC + DC + Finance | June 3, 2021

Natixis Provides $147M Refinancing for D.C. Office Property

Natixis has provided a $146.7 million floating-rate loan to refinance 1155 F Street NW, a 254,000-square-foot office building in Washington D.C.

The building is located in the East End submarket of Washington D.C. on the F Street Corridor and is made up of three historic buildings on 11th Street as well as a new tower on 12th Street. The buildings are blended to create a glass enclosed atrium lobby with exposed brick from the historic buildings. The properties also include 35,000 square feet of retail with two levels of below grade parking.

The borrower is Douglas Development Corp., a commercial real estate developer based in Washington, DC. Terms of the financing were not disclosed.

Connect

Inside The Story

Douglas Development Corp.Natixis

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

Order Reprints