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National/Lenkin Get Cash for 1625 Mass

Cassidy Turley's Brad Geiger and Phil Mudd have just arranged $20M in new financing for 1625 Massachusetts Ave on behalf of a National Real Estate Advisors fund and the Lenkin Company. The 117k SF, 97%-leased property, the DC home of Johns Hopkins' Carey Business School, has been recently renovated and the owners say more upgrades are in place, including new conference and fitness centers. Prudential was the lender. (For more on National's current strategy in the area, check out our in-depth look at the company from a few weeks back.)