Cushman & Wakefield’s John Campanella Represented The Donohoe Companies, Inc.
Cushman & Wakefield today announced that it has secured $49 million in financing for Hampden Square, a 12-story, 145,951 square foot office building at 4800 Montgomery Lane in Bethesda, MD.
John Campanella of Cushman & Wakefield arranged the financing on behalf of The Donohoe Companies, Inc. The 10-year fixed rate loan was provided by a life insurance company.
Hampden Square is located at the intersection of Montgomery Lane and Woodmont Avenue and is within one block of the Bethesda Metro station (Red Line) and planned Purple Line station. Bethesda Row is also nearby, with 340,000 square feet of retail and entertainment. Three major airports (Reagan National, Washington-Dulles and BWI) service the area, and Washington’s Union Station (Amtrak) is easily accessible via a 20-minute, 10-stop direct metro ride. The capital Beltway is just two miles from the building, and Metrobus access is also immediate, connecting to points throughout the DC region and to New York City.
“We continue to see lenders reaching for strong sponsors with quality product in strong suburban markets,” said Mr. Campanella.
The building is currently 85% leased with a strong tenant roster. The property’s entrance features a landscaped outdoor plaza that leads into a contemporary lobby, complete with marble flooring and walls. With smaller, unique floorplates, tenants are able to experience an above-market ratio of windowed space, elevator presence and a plethora of natural light. A four-level, 472-space parking garage is available for tenants, and some of the suites offer outdoor terraces with views overlooking Bethesda.
About The Donohoe Companies, Inc.
Established in 1884, Donohoe is the Washington, DC region’s oldest full-service real estate company. We are also one of the largest — ranked by the Washington Business Journal as one of the area’s top private companies. Today, The Donohoe Companies, Inc. encompasses five companies: Donohoe Construction Company, Donohoe Real Estate Services, Donohoe Hospitality Services, Donohoe Development Company and Complete Building Services. Through these five companies, the Donohoe team provides comprehensive construction, hospitality, development, facilities management and real estate services. With more than 1,400 employees in five divisions, we are a force in the region. We employ our expertise to build, develop, service, manage, lease and maintain billions of dollars of real estate where our neighbors will shop, work, live and play for generations to come. Projects include hospital, university and government facilities; embassies; historic landmarks; hotel, retail, office and residential projects; and major mixed-use developments. We bring creative solutions to real estate challenges, grounded by our long-range vision and unmatched local knowledge. After over 130 years, the foundation of our business approach remains the same — integrity, hard work and fair play.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
