{"id":1004111699,"date":"2015-01-22T08:09:11","date_gmt":"2015-01-22T16:09:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004111699"},"modified":"2025-02-24T23:56:34","modified_gmt":"2025-02-25T07:56:34","slug":"jbg-reels-in-refi-for-suburban-dc-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jbg-reels-in-refi-for-suburban-dc-office-building\/","title":{"rendered":"JBG Reels in Refi for Suburban DC Office Building"},"content":{"rendered":"

By Barbra Murray, Contributing Editor\"7200<\/a><\/em><\/p>\n

The JBG Cos. has landed $103 million in refinancing for 7200 Wisconsin Ave., a 275,000-square-foot office property in bustling downtown Bethesda, just a stone’s throw from Washington, D.C., proper.<\/p>\n

With the assistance of commercial real estate and capital markets services provider HFF, JBG obtained a floating-rate, four-year loan with an optional one-year extension from SunTrust Bank.<\/p>\n

SunTrust was just one of many lenders eager to provide JBG with funds for the Class A office building, which includes 20,000 square feet of retail and a 7,000-square-foot landscaped plaza.<\/p>\n

“There was a tremendous response, not just from banks, but from a wide array of lenders,”\u009d Sue Carras, senior managing director with HFF, told Commercial Property Executive<\/i>.<\/p>\n

The sponsorship served as a magnet–JBG has been developing and acquiring real estate in metropolitan Washington, D.C. since 1960–as did the 12-story property itself.<\/p>\n

“It is a highly regarded asset in such a strong submarket and a perfect location,”\u009d Carras added.<\/p>\n

Additionally, there’s the draw of the tenant roster, which includes law firm Edens, Linowes & Blocher, Singapore Economic Development and biomass fuels processor Enviva, to name a few.<\/p>\n

JBG plans to utilize the remaining proceeds from the refinancing for tenant and capital improvements and the expansion of the property’s street-level retail space. The real estate company has owned 7200 Wisconsin since 2008, when it acquired the asset unencumbered for $135 million. HFF played a role in that transaction as well, representing the seller.<\/p>\n","protected":false},"excerpt":{"rendered":"

JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country’s capital.<\/p>\n","protected":false},"author":969,"featured_media":1004111701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1615],"tags":[],"class_list":["post-1004111699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-washington-dc"],"acf":[],"yoast_head":"\nJBG Reels in Refi for Suburban DC Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jbg-reels-in-refi-for-suburban-dc-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JBG Reels in Refi for Suburban DC Office Building\" \/>\n<meta property=\"og:description\" content=\"JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country's capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jbg-reels-in-refi-for-suburban-dc-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-01-22T16:09:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T07:56:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/7200-Wisconsin-Ave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"677\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jbg-reels-in-refi-for-suburban-dc-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jbg-reels-in-refi-for-suburban-dc-office-building\/\",\"name\":\"JBG Reels in Refi for Suburban DC Office Building - 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