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JBG Secures $58.75M loan for Summit I & II

CBRE Arranges Financing for Pair of Reston Buildings
By Brandon Coffer
February 15, 2012 | 2:19 P.M.

The JBG Cos. secured a $58.75 million, five-year, non-recourse loan through KBS REIT II for its acquisition and renovation of Summit I and II located at 2000 and 2002 Edmund Halley Dr. in Reston, VA. Developed in 1986 and 1987, the two class-A office buildings will undergo HVAC, lobby, and bathroom renovations in 2012. Joe Donato and Jamie Leachman of CBRE Group's Washington, DC debt equity team arranged the financing on behalf of JBG.

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News | JBG Secures $58.75M loan for Summit I & II