WASHINGTON, D.C., September 30, 2013 - HFF announced today that it has secured $121.6 million in financing for the development of 8300 Wisconsin in Bethesda, Maryland, which will include 359 luxury apartment residences and a 50,000-square-foot Harris Teeter grocery store.
HFF worked on behalf of StonebridgeCarras to secure the construction financing through Wells Fargo Bank.
Slated for completion in 2015, 8300 Wisconsin is situated at the entrance to Bethesda on a 1.6-acre site at the intersection of Battery Lane, just south of the National Institutes of Health and Walter Reed campuses. The nine-story building will occupy an entire city block. Community amenities will include a landscaped courtyard, rooftop swimming pool with separate lap pool, rooftop demonstration kitchen, clubroom, fitness center, business center and 24-hour concierge services.
The HFF debt placement team was led by Sue Carras, Walter Coker and Brian Crivella.
StonebridgeCarras is a privately-held real estate investment and development firm based in Bethesda, Maryland focusing primarily on developing mixed-use properties in the Washington, D.C. metropolitan region. During the past 20 years, the principals of StonebridgeCarras, LLC have been involved in the acquisition, development, joint venture, financing, and disposition of real estate assets in the Washington area exceeding $5 billion in value.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.
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Source: HFF, Inc. via Thomson Reuters ONE