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Mesirow Leads $275 million financing of NASA's Washington, D.C. Headquarters
CHICAGO, Aug. 15, 2022 /PRNewswire/ -- Mesirow, an independent, employee-owned financial services firm, announced it recently led the $275 million financing of NASA's Washington, D.C. headquarters at 300 E. Street SW. The property is owned by Hana Alternative Asset Management and managed by Ocean West Capital Partners. Proceeds from the financing provided the partnership with attractive fixed rate pricing on debt to be repaid on an interest only basis until the loan's 2028 maturity date (coterminous with NASA's lease). Through this financing, the partnership recapitalized its equity interest in the property and effectively monetized what is currently the 6th largest GSA lease in the country. "We evaluated a variety of financing alternatives for this asset, and the approach and creativity offered by Mesirow were unique and far superior to other options. In a tough market, Mesirow delivered on their initial guidance," said Russ Allegrette, CEO of Ocean West Capital Partners. "Executing in today's debt markets presents a degree of challenge that we are proud to have met through close partnership and collaboration across several unique facets of the Mesirow franchise, including our muni dek and the more traditional CRE fixed income sales and trading channels," said Nat Sager, President of Mesirow Capital Markets. "We are extremely pleased by the end result and the satisfaction it provided to the client and our institutional fixed income investors." Mesirow served as Placement Agent and Administrative Agent on the financing. Cushman and Wakefield also served as advisor to the borrower in shaping the loan request and brokering the ultimate engagement with Mesirow. About Mesirow CTL and Structured Debt Products About Mesirow Mesirow was recently named one of the Best Places to Work in Chicago by Crain's Chicago Business and one of the Top 100 RIA firms by Barron's. Media Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Ocean West Capital Partners, Hana Alternative Asset Management, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc., and its divisions, subsidiaries, and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2022. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC. View original content to download multimedia:https://www.prnewswire.com/news-releases/mesirow-leads-275-million-financing-of-nasas-washington-dc-headquarters-301605450.html SOURCE Mesirow Financial Holdings, Inc. |