2013-09-30 22:34:04 -
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
The HFF debt placement team was led
by Sue Carras, Walter Coker and Brian
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. (NYSE: 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.
HFF Senior Managing Director
HFF Managing Director
HFF Associate Director, Marketing
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Source: HFF, Inc. via Thomson Reuters ONE