Federal Center Office Associates Lands $130M of Permanent Financing
Federal Center Office Associates has secured a $130 million loan, using a 720,000-square-foot office complex in southwest Washington, DC, as the collateral.
Eastdil Secured arranged permanent financing with a 10-year term at a fixed rate through Cantor Commercial Real Estate for the two-building Federal Center Plaza Office Complex, developed by the Donohoe Cos. in 1980. The LEED Silver buildings are located at 400 and 500 C St. SW.
Also, Federal Center Office Associates recently finalized a 389,000-square-foot renewal at 400 C St. with the General Services Administration for State Department office space. Donohoe Real Estate Services represented the landlord while Studley represented the GSA. FEMA leases 303,000 square feet at 500 C. St.