{"id":1004239103,"date":"2018-07-02T07:51:52","date_gmt":"2018-07-02T15:51:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004239103"},"modified":"2025-02-18T05:39:32","modified_gmt":"2025-02-18T13:39:32","slug":"douglas-development-lands-53m-for-dc-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/","title":{"rendered":"Douglas Development Lands $53M for DC Office Building"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004239106\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004239106\" data-attachment-id=\"1004239106\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/1000-f-street-nw-washington-d-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"1000 F Street NW, Washington, D.C.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1000 F Street NW, Washington, D.C.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg?w=800\" class=\"wp-image-1004239106 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004239106\" class=\"wp-caption-text\">1000 F St. NW, Washington, D.C.<\/p><\/div>\n<p>Douglas Development Corp. has secured a $52.8 million floating rate loan to refinance and lease 1000 F St. NW, a newly constructed office property in Washington, D.C.&#8217;s East End submarket. Natixis originated the loan on behalf of the owner.&nbsp;<\/p>\n<p>The building offers 93,465 square feet of space, including 7,282 square feet of ground-level retail and two levels of below-grade parking. The loan was used to refinance the existing construction loan and provide capital for tenant improvements, allowing the owner to continue leasing the asset. Standing 11 stories, the property incorporates a two-story designated historic structure, in which the facades were restored and the interior was completely renovated and integrated with the contemporary design of the building. Currently 30 percent leased, the asset is LEED Gold certified.&nbsp;<\/p>\n<h2>DC portfolio growth&nbsp;<\/h2>\n<p>Douglas Development Corp. is based in Washington, D.C., and currently has a portfolio of 300 properties totaling more than 10 million square feet of leasable space in the metro area. Last August, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/divaris-arranges-sale-of-historic-annapolis-building\/\">purchased a $2.3 million office and retail building<\/a> in Annapolis, Md., from PNC Bank.&nbsp;<\/p>\n<p>Prior to that, in May of last year, the firm&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-buys-66m-land-for-dc-project\/\">acquired nine land parcels for $66 million<\/a> in Washington, D.C., located at 1801 New York Ave. NE, from the Schaeffer family.&nbsp;The site is part of 15 acres that the company purchased to develop NewCityDC, a 1.5 million-square-foot mixed-use project.<\/p>\n<p><em>Image courtesy of Yardi Matrix&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natixis originated the loan that will be used to refinance the existing construction loan for 1000 F St. NW, and provide capital for tenant improvements. <\/p>\n","protected":false},"author":746,"featured_media":1004239106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,11,21742,21747,1615],"tags":[35578,34029],"class_list":["post-1004239103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-douglas-development-corporation","tag-natixis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Douglas Development Lands $53M for 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\/douglas-development-lands-53m-for-dc-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Douglas Development Lands $53M for DC Office Building\" \/>\n<meta property=\"og:description\" content=\"Natixis originated the loan that will be used to refinance the existing construction loan for 1000 F St. NW, and provide capital for tenant improvements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-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=\"2018-07-02T15:51:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-18T13:39:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\/douglas-development-lands-53m-for-dc-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/\",\"name\":\"Douglas Development Lands $53M for DC Office Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\",\"datePublished\":\"2018-07-02T15:51:52+00:00\",\"dateModified\":\"2025-02-18T13:39:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg\",\"width\":800,\"height\":620,\"caption\":\"1000 F Street NW, Washington, D.C.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Douglas Development Lands $53M for DC Office Building\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Douglas Development Lands $53M for DC Office Building - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/","og_locale":"en_US","og_type":"article","og_title":"Douglas Development Lands $53M for DC Office Building","og_description":"Natixis originated the loan that will be used to refinance the existing construction loan for 1000 F St. NW, and provide capital for tenant improvements.","og_url":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-07-02T15:51:52+00:00","article_modified_time":"2025-02-18T13:39:32+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/","url":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/","name":"Douglas Development Lands $53M for DC Office Building - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg","datePublished":"2018-07-02T15:51:52+00:00","dateModified":"2025-02-18T13:39:32+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg","width":800,"height":620,"caption":"1000 F Street NW, Washington, D.C."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-53m-for-dc-office-building\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Douglas Development Lands $53M for DC Office Building"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/1000-F-Street-NW-Washington-D.C..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004239103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004239103"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004239103\/revisions"}],"predecessor-version":[{"id":1004239430,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004239103\/revisions\/1004239430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004239106"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004239103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004239103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004239103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}