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JLL Capital Markets Arranges $38.5M Loan For Office Building Acquisition At 805 King Farm Boulevard, Rockville

805 King Farm Boulevard
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This Office property located in MD received a loan of $38,500,000 about 2 years ago. The brokers of the deal were Michael Gigliotti, Robert (Bob) Tonnessen, and Brian Buglione

The office property located at 805 King Farm Boulevard in Rockville, Md has been involved in a recent transaction. The property spans a total of 240,000 square feet and is owned by Building and Land Technology, represented by Carl Kuehner, and Green Hollow Capital Partners, represented by Jim Glasgow.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $38,500,000
  • Address: 805 King Farm Boulevard, Rockville, Md
  • Market: Rockville, Md
  • Lender: Ladder Capital
  • Landlord: Building and Land Technology - Carl Kuehner & Green Hollow Capital Partners - Jim Glasgow
  • Brokers: Michael Gigliotti, Robert Tonnessen & Brian Buglione - JLL Capital Markets

The acquisition of the property was supported by a loan from Ladder Capital valued at $38,500,000. The loan type was an Acquisition Loan.

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Deals
  • Location
    805 King Farm Boulevard, Rockville, Maryland 20850, United States805 King Farm Boulevard, Rockville, Maryland 20850, United States
  • Loan Value
    $38,500,000$38,500,000
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Robert (Bob) Tonnessen

Robert (Bob) Tonnessen

Deals15
Financed$2B

Michael Gigliotti

Michael Gigliotti

Deals13
Financed$2.2B

Brian Buglione

Brian Buglione

Deals5
Financed$114.6M

Agency

JLL

JLL

Agency
Deals5579
Volume$332.6B

Ladder Capital

Ladder Capital

Lender
Deals32
Volume$ 704.4B

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Deal Summary

LOAN IMAGE: Michael Gigliotti, Carl Kuehner, Jim Glasgow, Robert Tonnessen & Brian Buglione DATE: 03/08/2022 ADDRESS: 805 King Farm Boulevard MARKET: Rockville, Md ASSET TYPE: Office ~ SF: 240,000 LENDER: Ladder Capital LANDLORD: Building and Land Technology - Carl Kuehner & Green Hollow Capital Partners - Jim Glasgow BROKERS: Michael Gigliotti, Robert Tonnessen & Brian Buglione - JLL Capital Markets LOAN AMOUNT: $38,500,000 LOAN TYPE: Acquisition Loan

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805 King Farm Boulevard

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