{"id":1004538175,"date":"2021-06-02T03:42:19","date_gmt":"2021-06-02T11:42:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004538175"},"modified":"2022-12-07T01:46:32","modified_gmt":"2022-12-07T09:46:32","slug":"douglas-development-lands-147m-refi-for-washington-dc-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/","title":{"rendered":"Douglas Development Obtains $147M Refi for Washington, DC Asset"},"content":{"rendered":"<div id=\"attachment_1004538176\" style=\"width: 250px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004538176\" data-attachment-id=\"1004538176\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/attachment\/7688\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/7688.jpg\" data-orig-size=\"410,512\" 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;0&quot;}\" data-image-title=\"1155 F St. NW\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1155 F St. NW &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/7688.jpg?w=410\" class=\"size-medium wp-image-1004538176\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/7688.jpg?w=240\" alt=\"\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/7688.jpg 410w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/7688.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><p id=\"caption-attachment-1004538176\" class=\"wp-caption-text\">1155 F St. NW<\/p><\/div>\n<p>An affiliate of Douglas Development Corp. has received $146.7 million in refinancing for its 254,000-square-foot 1155 F St. NW office building in Washington, D.C.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/jll-income-property-trust-secures-650m-credit-facility\/\">JLL Income Property Trust Secures $650M Credit Facility<\/a><\/p>\n<hr>\n<p>Natixis originated the floating rate debt for the property, situated within the East End submarket. The new loan retires a $130 million, Deutsche Bank-backed 10-year note, according to CommercialEdge data.<\/p>\n<p>The property is made up of three historic buildings on 11th Street and a new 12-story structure on 12th Street. The asset includes 35,000 square feet of retail space, along with a two-level, 271-space underground parking garage. The historic buildings, ranging between four and six stories in height, date back to the late 1800s and were acquired between 1986 and 2006.<\/p>\n<p>The project earned an Award of Excellence from the DC Preservation League, and a Mayor\u2019s Award for Excellence in Historic Preservation, among other recognitions. Current retail tenants include Walgreens, PRET A Manger and GAP, while the office roster comprises Franklin Square Group, Home Depot USA and Intel Corp.<\/p>\n<p>Since its founding in 1985, Douglas has expanded its portfolio to more than 250 properties and 13 million leasable square feet. Last December, the developer sold off a similar office property, situated across the street from 1155 F St. NW. A partnership between MC Real Estate Partners and an international family office picked up the 95,000-square-foot, fully leased asset <a href=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-sells-dc-office-asset-for-106m\/\">at 1000 F St., in a $106 million deal<\/a>.<\/p>\n<p>Earlier in December, Douglas landed a long-term lease at another adjacent property at 1025 F St. NW. Global data intelligence company <a href=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-nails-down-big-lease-at-dc-office-building\/\">Morning Consult committed to 49,000 square feet<\/a> at the historic Woodies Building.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natixis originated the floating-rate loan for the East End property. <\/p>\n","protected":false},"author":739,"featured_media":1004538178,"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":[32791,35578,34029],"class_list":["post-1004538175","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-deutsche-bank","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 Obtains $147M Refi for Washington, DC Asset - 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-147m-refi-for-washington-dc-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Douglas Development Obtains $147M Refi for Washington, DC Asset\" \/>\n<meta property=\"og:description\" content=\"Natixis originated the floating-rate loan for the East End property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/\" \/>\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=\"2021-06-02T11:42:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T09:46:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"577\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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-147m-refi-for-washington-dc-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/\",\"name\":\"Douglas Development Obtains $147M Refi for Washington, DC Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg\",\"datePublished\":\"2021-06-02T11:42:19+00:00\",\"dateModified\":\"2022-12-07T09:46:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg\",\"width\":770,\"height\":577},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Douglas Development Obtains $147M Refi for Washington, DC Asset\"}]},{\"@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\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"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\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Douglas Development Obtains $147M Refi for Washington, DC Asset - 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-147m-refi-for-washington-dc-asset\/","og_locale":"en_US","og_type":"article","og_title":"Douglas Development Obtains $147M Refi for Washington, DC Asset","og_description":"Natixis originated the floating-rate loan for the East End property.","og_url":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-06-02T11:42:19+00:00","article_modified_time":"2022-12-07T09:46:32+00:00","og_image":[{"width":770,"height":577,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg","type":"image\/jpeg"}],"author":"Beata Lorincz","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-147m-refi-for-washington-dc-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/","name":"Douglas Development Obtains $147M Refi for Washington, DC Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg","datePublished":"2021-06-02T11:42:19+00:00","dateModified":"2022-12-07T09:46:32+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg","width":770,"height":577},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/douglas-development-lands-147m-refi-for-washington-dc-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Douglas Development Obtains $147M Refi for Washington, DC Asset"}]},{"@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\/23f841021ddf3b38ebc56abefe1d6004","name":"Beata Lorincz","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\/04\/Beata-Lorincz.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","caption":"Beata Lorincz"},"description":"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1155-F-St.-NW.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004538175","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\/739"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004538175"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004538175\/revisions"}],"predecessor-version":[{"id":1004538278,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004538175\/revisions\/1004538278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004538178"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004538175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004538175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004538175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}