This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cassidy Turley Secures $27.8 Million Financing For 1666 K Street, NW In Washington, DC

WASHINGTON, Nov. 20, 2012 /PRNewswire/ --  Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it secured a $27.8 million loan for 1666 K Street, a 12-story, 286,000 square foot office building located on Farragut Square in Washington, DC's Central Business District. The 15-year fixed-rate loan was provided by The Prudential Insurance Company of America. Christian Miles, Philip Mudd and Bradley Geiger secured the financing on behalf of 1620 K Street Associates L.P. The loan was closed by Grossberg, Yochelson, Fox and Beyda, owner's counsel.

1666 K Street is located at the southeast corner of the intersection of 17 th and K Streets, overlooking Farragut Square. The property is surrounded by world-class shopping, restaurants and hotels, and is just one block from both the Farragut West and Farragut North Metro stations. 1666 K Street is currently 100 percent leased to law firms, financial institutions and personal services. Additionally, McCormick & Schmick's is located in the ground-level retail space.

"The key feature of this loan was finding attractive 15-year fixed-rate financing, which was important to the sponsorship," said Christian Miles. "Accordingly, Prudential offered the kind of flexibility and speed of execution that aligned with the owner's interest," he continued.

About Cassidy Turley

Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

SOURCE Cassidy Turley

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,460.15 -182.86 -1.10%
S&P 500 1,973.76 -15.11 -0.76%
NASDAQ 4,804.1460 -24.1790 -0.50%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs