HFF Arranges $135 Million Refinancing for 700 11th Street NW in Washington, D.C.

Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a $135 million refinancing for 700 11th Street NW, a 301,774-square-foot, trophy office building in Washington, D.C.’s East End submarket.

HFF worked on behalf of the borrower, a partnership between an affiliate of Hines Interests Limited Partnership and a pension fund advised by Sarofim Realty Advisors, to secure the 10-year, fixed-rate loan provided by Allianz Real Estate of America, LLC.

700 11th Street NW is situated on a .86-acre site bounded by 11th, G and 12th Streets, directly above the Metro Center Metrorail station providing connectivity to the Red, Orange, Blue and Silver Metrorail lines. This East End location is one block from the CityCenterDC mixed-use development, two blocks from the Walter E. Washington Convention Center and the new Marriott Marquis Hotel and four blocks from the White House. The property is fully leased to law firm, Williams & Connolly, which operates its global headquarters from the building. Cosi occupies the retail space on the ground floor level. 700 11th Street NW features a two-story lobby with a central rotunda, Italian marble floors and mahogany walls as well as a five-level, 324-space underground parking garage.

HFF’s team was led by Susan Carras, Walter Coker and Brian Crivella.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries. Hines has $87 billion of assets under management, including $43 billion for which Hines provides fiduciary investment management services, and $44 billion for which Hines provides third-party property-level services. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired more than 1,100 properties, totaling over 346 million square feet. The firm’s current property and asset management portfolio includes 531 properties, representing over 186 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

About Sarofim Realty Advisors

Sarofim is a registered investment advisor founded in 1982 that provides real estate investment management services to a select number of long-term clients. Clients include a diverse and distinguished list of endowments, foundations and other institutions, including some of the nation’s largest pension funds. The firm is a wholly owned corporate subsidiary of Fayez Sarofim & Co., a nationally recognized investment advisory firm specializing in the management of equity investments on behalf of institutions and individuals since 1958.

About Allianz Real Estate of America LLC

Allianz Real Estate of America, based in New York, is the strategic center of expertise in real estate in the Americas. It is responsible for equity and commercial mortgage loan investments in growing a portfolio of over $10 billion of investments. Its holdings are diversified across more than 30 metro markets and property types including office, multi-family, retail, industrial and medical office.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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 hfflp.com or follow HFF on Twitter @HFF.

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