DTZ’s Mudd & Geiger secures $45 million in financing
WASHINGTON, DC — DTZ has secured $45 million in financing for 1133 Connecticut Ave., a 12-story, 176,297 s/f class A office building in Northwest DC. Connecticut DeSales, LLC is a partnership consisting of the Lenkin Family, Lerner Enterprises and others.
Executive managing director Philip Mudd and vice president Bradley Geiger of DTZ arranged the long-term fixed-rate financing on behalf of Lenkin Company. A pension fund provided the mortgage.
1133 Connecticut Ave. is located at the center of Washington, DC’s Central Business District in the Golden Triangle and features many premier tenants including Wells Fargo and H&M.
The building is less than one block from the Farragut North Metro station and two blocks from the Farragut West station, as well as within walking distance to the White House, the global headquarters of the International Monetary Fund, and the World Bank. Additionally, it is directly across the street from the historic Mayflower Hotel
The property recently received LEED certification from the U.S. Green Building Council at the “Gold” level.