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.