CASSIDY TURLEY ARRANGES $65.5M ACQUISITION LOAN FOR 1401 NEW YORK AVENUE

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WASHINGTON, D.C. — Cassidy Turley has arranged $65.5 million in acquisition financing for 1401 New York Avenue, a 210,260-square-foot office building located in Washington, D.C. The building is located a block away from the White House. The property was 40 percent occupied at the time of sale. John Campanella and Paul Spellman of Cassidy Turley arranged the loan on behalf of the borrower, a joint venture between Minshall Stewart Properties and an affiliate of Heitman LLC.

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