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$66 Million in Permanent Financing Secured for Carroll Square.


Akridge and Seaton Benkowski Closed with MetLife on December 3

WASHINGTON -- Akridge and Seaton Benkowski are pleased to announce they closed on $66 million in permanent financing Permanent financing

Long-term financing using either debt or equity.


permanent financing

The long-term financing that supports a long-term asset.
 with MetLife for Carroll Square, the trophy-class office building located at 975 F St., NW. The closing took place on Monday, December 3.

Carroll Square is a trophy-class commercial development in the heart of downtown Washington. Located at the corner of 10th and F Streets next to historic St. Patrick's Church St. Patrick's Church, or Saint Patrick Church or other variations on the name, may refer to:

In the U.K.
  • St. Patrick's Church, Soho Square, London, England
In Canada:
  • St. Patrick's Church (St. John's), Newfoundland
  • St.
, Carroll Square masterfully integrates office, retail, and arts uses. The 170,000 square-foot, 10-story structure--designed by SmithGroup--includes the classic facades of seven historic commercial structures, a defining architectural cupola cupola /cu·po·la/ (koo´pah-lah) cupula.

cu·po·la
n.
A cup-shaped or domelike structure.



cupola

cupula.
, and a distinguished new structure accented with iron, brick, and natural stone. Building Clients include law firms Dewey LeBoeuf LLP LLP - Lower Layer Protocol  and Fitzpatick, Cella, Harper & Scinto; media and automotive services company, Cox Enterprises; global biotechnology leader and Merck affiliate, EMD EMD Electromechanical dissociation, see there  Serono, Inc.; and Kraft Foods Global, Inc. For more information, visit www.carrollsquare.com.

About Akridge

Akridge is a comprehensive real estate services company that provides acquisition, development, construction management, asset and property management, leasing and consulting services. For seven of the last eight years, Akridge has been ranked the number one real estate firm in the country, among firms of similar size, for Client satisfaction by CEL CEL Cellular
CEL Celestial
CEL Check Engine Light
CEL Degrees Celsius (temperature)
CEL Comisión Ejecutiva Hidroeléctrica del Río Lempa (El Salvador)
CEL Center for Entrepreneurial Leadership
 & Associates and BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products. . Akridge is also recognized as a "Great Place to Work" by Washingtonian magazine and the Washington Business Journal. Since 1974, the company's projects have encompassed over 10 million square feet of space in the greater Washington region. For more information, please visit www.akridge.com.

About Seaton Benkowski & Partners

Seaton Benkowski & Partners, North America Inc. provides real estate investment and management services for clients around the world. Domestically, it specializes in the placement and management of endowment, trust and pension fund money. Locally, the firm has invested in over two million square feet of prime office space, emphasizing government and credit tenants with long-term leases. The firm is currently seeking additional investment opportunities in this market.
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Publication:Business Wire
Date:Dec 10, 2007
Words:333
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