HFF ARRANGES SALE, FINANCING OF D.C. OFFICE BUILDING

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WASHINGTON, D.C. — HFF has arranged the sale and acquisition financing for a 31,340-square-foot office building located at 450 H St. N.W. in Washington, D.C. The office building is fully leased to the District of Columbia’s Department of Youth Rehabilitation Services for the next 11 years. Dek Potts, Andrew Weir, Jim Meisel, Steve Conley, Matt Nicholson and Dave Baker of HFF represented the seller, Brookfield Real Estate Opportunity Fund, an affiliate of Brookfield Asset Management. Dan McIntyre of HFF arranged the 10-year acquisition loan through a CMBS lender on behalf of the buyer, an affiliate of Harbor Group International. The buyer plans to remodel the property in the second quarter in hopes to achieve LEED certification.

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