A partially constructed 400,000 square foot office building with three levels of sub-grade parking and ground floor retail. The building is located in the Capitol Riverfront District of Washington, D.C., two blocks from the Washington Nationals’ new ballpark and near the U.S. Capitol. The building is LEED Gold Certified.
Douglas Wilson Companies (DWC), agent for Receiver, was tasked to preserve, protect and eventually complete the construction of the collateral including the settlement of all mechanics’ liens and claims.
DWC was responsible for coordinating continued development and construction activities for the property while negotiating the settlement of numerous mechanics’ lien claims in an effort to prepare the property for takeout financing by another financial institution.
DWC completed the construction of the property on schedule and assisted the lender with the successful delivery of the property and its books and records to the financial institution providing takeout financing.
Superior Court for the District of Columbia, Washington, D.C.
Douglas Wilson Companies was founded in 1989 to provide a wide range of specialized business, workout, and real estate services to law firms, state and federal courts, corporations, partnerships, pension funds, REITs, financial institutions, and property owners throughout the United States.
1620 Fifth Avenue
San Diego, California 92101