$100.5 Million Financing Secured by HFF for 1101 K Street NW in Washington, D.C.

The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured $100.5 million in financing for 1101 K Street NW, a 310,825-square-foot, Class A office property in Washington, D.C.

HFF senior managing directors Bob Donhauser and Bill Asbill and director Cary Abod worked exclusively on behalf of the borrower, a joint venture between The JBG Companies and Rockwood Capital, LLC in arranging the three-year, adjustable-rate loan through Helaba (Landesbank Hessen-Thuringen Girozentrale). The 65% loan-to-cost financing is replacing a construction loan through Bank of America and will provide funds until the asset is stabilized.

Completed in 2007, 1101 K Street NW is leased to tenants including FTI Consulting, Brunswick Capital, District of Columbia Bar Association, Information Technology Industry Council and Brasserie Back. The property has 28,000-square-foot floor plates that feature 16 corner offices per floor and floor-to-ceiling windows with views of the New City Center, Washington Monument and Capital Dome. Building amenities include a rooftop deck, high-end fitness center with locker rooms and a first-floor restaurant. The property is located in Washington, D.C.’s east end submarket on the corners of K, 11th and 12th Streets with easy access to four metro stations as well as the Verizon Center, Gallery Place neighborhood and the New City Center, due for completion in 2011.

Headquartered in Chevy Chase, Maryland, The JBG Companies is an active developer, investor, owner and operator of office, residential, hotel and retail properties with more than $10 billion in assets under management and development. Founded in 1960, JBG has established a reputation as one of the leading real estate companies in the Washington metropolitan area. More information can be found by visiting the company’s Web site: www.JBG.com.

Rockwood Capital, LLC is a real estate investment company, which provides equity capital for repositioning, recapitalization, development and redevelopment of commercial property types, including retail, hotel, residential, office and research and development space in key markets throughout the United States.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. www.hfflp.com.

Contacts:

HFF
Senior Managing Director
Robert F. Donhauser, 202-533-2500
rdonhauser@hfflp.com
or
Associate Director, Marketing
Kristen M. Murphy, 713-852-3500
krmurphy@hfflp.com

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