USAA Real Estate Secures Financing for 700 6th Street in Washington D.C

JLL arranges financing for 700 6th Street in Washington, D.C.
700 6th Street

July 11, 2019 – JLL announces that it has arranged financing for 700 6th Street, a 298,917-square-foot, trophy office building in the East End submarket of Washington, D.C.

JLL worked on behalf of the borrower, USAA Real Estate, to secure the loan with Principal Real Estate Investors.

Completed in 2009, 700 6th Street is a LEED® Platinum trophy office building that is 91% leased to six tenants, including Eversheds Sutherland LLP and Cadwalader, Wickersham & Taft LLP. The 12-story office building offers highly efficient floorplates, a rooftop terrace with landmark views, four levels of underground parking and a tenant-only fitness center with locker rooms and showers. 700 6th Street is adjacent to the Capital One Arena, Washington, D.C.’s premier entertainment venue that is home to the Washington Capitals and Washington Wizards and hosts on average 220 events per year. This location provides immediate proximity to the East End submarket’s diverse amenity offerings, including more than 150 dining options, 65 plus retail stores, 29 hotels and more than 18,000 apartment units. Additionally, the trophy tower has unmatched multimodal accessibility located just steps from the Gallery Place – Chinatown Metrorail station and within close proximity to major vehicular thoroughfares such as Interstate 395 and Massachusetts Avenue.

JLL’s Capital Markets team representing the borrower included Cary Abod, Robert Carey and Evan Parker.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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