HFF SECURES $121.6M IN CONSTRUCTION FINANCING FOR BETHESDA APARTMENTS

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BETHESDA, MD. — HFF has secured $121.6 million in financing for the development of 8300 Wisconsin in Bethesda, which will include 359 luxury apartments and a 50,000-square-foot Harris Teeter grocery store. Sue Carras, Walter Coker and Brian Crivella of HFF arranged the construction financing through Wells Fargo Bank on behalf of the owner, StonebridgeCarras, a privately-held real estate investment and development firm based in Bethesda. Slated for completion in 2015, the nine-story building will occupy an entire city block. The community's amenities will include a landscaped courtyard, rooftop swimming pool with separate lap pool, rooftop demonstration kitchen, clubroom, fitness center, business center and 24-hour concierge services.

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