Pair of DC Office Buildings Receive $165M Financing
KeyBank Real Estate Capital has secured a seven-year loan for two refurbished Class A office assets in Washington, D.C.
By Corina Stef
1341 G. St., Washington, D.C.
UNIZO Holdings US received $165 million in permanent financing for two of its Washington, D.C. office properties. According to Yardi Matrix, the fixed-rate loan is set to mature in September 2024 and was funded by was New York Life Insurance Co. KeyBank Real Estate Capital negotiated the deal.
The first property the mortgage encumbers is 1030 15th St. NW, a 332,022-square-foot, 12-story building. The property was built in 1963 and underwent a series of renovations in 2007, upon which it was awarded LEED Gold certification due to its high-performance façade of energy-efficient structure. Other amenities include floor-to-ceiling windows, expansive corner balconies and a modern lobby with a water wall. The property overlooks McPherson Square, the Washington Monument and the National Cathedral.
Prime positioning
The second property is located at 1341 G. St. and features 132,714 square feet of space spread throughout ten stories. The historic building was constructed in 1903 and was renovated multiple times over the years. Both assets are located in the vibrant Primary Business District neighborhood, within walking distance of metro stations, hotels, restaurant, shops and high-end residential buildings.
Key’s Commercial Mortgage Group’s debt placement team was led by Vice President Michael Keach and Hugh Hall. “We are pleased to have the opportunity to work with UNIZO Holdings US and look forward to continuing our relationship with them,” Keach said in a prepared statement.
Image courtesy of UNIZO Holdings US
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