This Week's D.C. Deal Sheet: Redbrick Lands $129M Refinancing In Fairfax
Redbrick LMD has refinanced a 752-unit workforce housing complex in Fairfax County.
The D.C.-based real estate firm secured a $129M refinancing loan for Amberleigh Apartments in Merrifield, according to Berkadia, which brokered the deal.
The financing consists of a $113.8M Freddie Mac loan and a $15.6M preferred equity investment from an undisclosed entity.
Redbrick LMD Managing Partner William Passmore, in a statement, applauded Berkadia’s ability to find “very attractive financing” in a “choppy capital market environment.”
Berkadia’s Patrick McGlohn, Brian Gould, Miles Drinkwalter and Natalie Hershey brokered the deal.
LEASES
Law firm Haynes Boone is moving its D.C. office from one building near the White House to another a block away. The firm leased 31K SF across two floors at Trammell Crow Cos.’ 888 16th St. NW, increasing its footprint by 8K SF, a spokesperson for the firm told Bisnow. The firm moved in last Monday, relocating from Norges Bank Investment Management's building at 800 17th St. NW.
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Skanska signed Evermay Wealth Management to its newly developed office building in Fairfax. Evermay is taking almost 15K SF at 3901 Fairfax, a 200K SF office property that the Swedish construction and development company completed in 2024. Evermay is moving from 3,600 SF at 1776 Wilson Blvd., a Skanska press representative told Bisnow.
The 3901 Fairfax property is now 17% leased, per Skanska. Avison Young’s Mike Shuler, Nick Gregorios, Olivia Vietor and Jonathan Wellborn are representing the landlord in leasing the building. Cushman & Wakefield represented Evermay.
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Savills inked a new lease to move a block away from its Metro Center home. The brokerage is taking a one-floor, 20K SF space at Union Investment’s 600 13th St. NW, it announced this week. The deal is a downsize from its current two-floor, 25K SF footprint at 1201 F St. NW, a press representative told Bisnow. The firm plans to move in September. CBRE’s Phillip Thomas, Joe Coleman, Lara Nealon and Brittany Gosnell represented Union Investment and its advisor, Metzler Realty Advisors.
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Food hall operator Wonder is planning to open seven D.C.-area locations, it announced this week. Its food halls offer to-go and dine-in options. The area’s flagship is set to open on the 14th Street corridor in June, followed by locations in the West End, Cleveland Park, Rosslyn, Reston, Franconia and College Park. Wonder was founded by entrepreneur Marc Lore. It has 45 outposts across the northeast.
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Gilbane Construction Co. signed a 27K SF lease at Jamestown’s Ballston Exchange, the landlord announced. Its new home is in a pair of office towers totaling 783K SF at 4121 and 4201 Wilson Blvd. The global construction firm is moving from its current location half a mile away at Monday Properties’ 1100 North Glebe Road, where it has just over 15K SF. The move is planned for 2026.
SALES
One Street Commercial Properties purchased a 70K SF office building in Georgetown for a residential conversion, CBRE announced this week. Bethesda-based One Street paid $29.2M for the 3333 K St. NW property, D.C. deed records show. CBRE’s Manny Fitzgerald, John Sheridan, Harry Stephens and Charlie Mangold and Clear Real Estate Services’ Chip Ranno represented the seller, Friends of The Legal Services Corporation. McLean Partners represented One Street.
