{"id":1004176376,"date":"2017-05-11T07:34:27","date_gmt":"2017-05-11T15:34:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176376"},"modified":"2022-12-08T16:35:58","modified_gmt":"2022-12-09T00:35:58","slug":"dc-area-assets-land-90m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dc-area-assets-land-90m-in-financing\/","title":{"rendered":"DC-Area Assets Land $90M in Financing"},"content":{"rendered":"

By Evelina Croitoru<\/p>\n

Citizens Commercial Banking arranged\u00a0financing for\u00a0two properties owned by\u00a0JBG Cos. The deals\u00a0include a $49 million refinance loan for Georgetown Center in Washington, D.C. and a $41 million finance loan for the Old Centerville shopping center in Centerville, Va.\u00a0Citizens is the exclusive lead arranger and administrative agent for both properties.<\/p>\n

Located at 2115-2121 Wisconsin Ave. NW, Georgetown Center consists of two buildings totaling 293,845 square feet with first-floor retail. The building at 2115 Wisconsin Ave. is LEED-Certified to the Silver level while the other one is LEED-Certified. According to Yardi Matrix,<\/em>\u00a0JBG Cos.<\/a> purchased both properties in a portfolio transaction back in 2011 for $101 million. The sale was subject to a $46 million loan, which matured in\u00a02011.<\/p>\n

Located at 13810-13860 Braddock Road in Centerville, Va., Old Centerville encompasses 171,631 square feet. The center\u2019s primary anchors are H-Mart and Spa World. The property is strategically located at the nexus of Route 28 and Route 29.<\/p>\n

Images courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Citizens Bank arranged the $49 million loan to refinance Georgetown Center in Washington, D.C. and the $41 million loan to finance the Old Centerville retail center in Centerville, Va.<\/p>\n","protected":false},"author":1055,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,11,21742,21747,21749,1615],"tags":[33925,33311],"class_list":["post-1004176376","post","type-post","status-publish","format-standard","hentry","category-finance","category-midatlantic","category-latest","category-office","category-retail","category-washington-dc","tag-citizens-bank","tag-the-jbg-companies"],"acf":[],"yoast_head":"\nDC-Area Assets Land $90M in Financing - 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\/dc-area-assets-land-90m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DC-Area Assets Land $90M in Financing\" \/>\n<meta property=\"og:description\" content=\"Citizens Bank arranged the $49 million loan to refinance Georgetown Center in Washington, D.C. and the $41 million loan to finance the Old Centerville retail center in Centerville, Va.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dc-area-assets-land-90m-in-financing\/\" \/>\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=\"2017-05-11T15:34:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:35:58+00:00\" \/>\n<meta name=\"author\" content=\"Evelina Croitoru\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dc-area-assets-land-90m-in-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dc-area-assets-land-90m-in-financing\\\/\"},\"author\":{\"name\":\"Evelina Croitoru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e9e65abbef696b705a028580e04c8c99\"},\"headline\":\"DC-Area Assets Land $90M in Financing\",\"datePublished\":\"2017-05-11T15:34:27+00:00\",\"dateModified\":\"2022-12-09T00:35:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dc-area-assets-land-90m-in-financing\\\/\"},\"wordCount\":164,\"keywords\":[\"Citizens Bank\",\"The JBG Companies\"],\"articleSection\":[\"Finance\",\"Mid-Atlantic\",\"News\",\"Office\",\"Retail\",\"Washington D.C.\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dc-area-assets-land-90m-in-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dc-area-assets-land-90m-in-financing\\\/\",\"name\":\"DC-Area Assets Land $90M in Financing - 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