$112 Million Construction/Permanent Loan Arranged by HFF Exclusively on Behalf of American Pharmacists Association.WASHINGTON, D.C -- The Washington, D.C. office of HFF HFF Hochschule für Fernsehen und Film München (Germany) HFF Heartland Film Festival HFF Hardy Fern Foundation HFF Half Forward Flank (football position) HFF Horizontal Flute Factor (Holliday Fenoglio Fowler, L.P.) has arranged a $112 million construction/permanent loan exclusively on behalf of American Pharmacists Association The American Pharmacists Association (previously known as the American Pharmaceutical Association) is the first-established professional society of pharmacists within the United States and has over 60,000 members.[1] It was founded in 1852. for the renovation of the historic Pope Building and the development of a new six-story office building totaling 244,422-square-feet in Washington, D.C. HFF senior managing directors Bill Asbill and Bob Donhauser along with director Cary Abod placed a three-year construction and 10-year permanent loan with Hypo Real Estate The Hypo Real Estate Holding AG (ISIN: DE0008027707) is based in Munich, Germany and comprises three banks:
See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). for half of the construction loan and the other half is a fixed-rate of 6.16%. The loan then converts to a permanent loan with a rate of 6.23% at the end of the three-year construction period. The American Pharmacists Association (APhA) is the first-established and largest professional association of pharmacists in the United States. APhA has maintained its headquarters at 2215 Constitution Avenue, the site of the historic building designed by renowned architect John Russell Pope John Russell Pope (April_24, 1874 – August 27, 1937) was an architect most known for his designs of the Jefferson Memorial (completed in 1943) and the West Building of the National Gallery of Art (completed in 1941) in Washington, DC. , since 1934. The Pope building will be renovated in conjunction with the development of the significantly expanded headquarters building at 2200 C Street. Upon completion in 2009, the new building will be fully occupied by the American Pharmacists Association and the U.S. Department of State. "HFF was pleased that we were able to provide creative financing for both the renovation of the original building and construction of the new headquarters," said Asbill. "This site is one of the most prominent and historic locations in downtown Washington, D.C. and the new building will become one of the trophy assets in the area." HFF (NYSE NYSE See: New York Stock Exchange :HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital market services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and commercial loan servicing. |
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