EagleBank Provides $26 Million in Financing for Friendship Heights Retail Landmark Mazza Gallerie
25 Mai 2021 - 3:19PM
EagleBank, one of the largest community banks in the Washington,
D.C. area, today announced that it provided $26 million in
acquisition financing to support the revitalization of Mazza
Gallerie, a landmark retail space in the thriving Friendship
Heights neighborhood. Tishman Speyer, a leading real estate
developer and owner, is sole recipient of the loan and will
spearhead redevelopment of the property.
EagleBank’s loan offering will fund a
significant portion of the project’s purchase price and will allow
Tishman Speyer to construct approximately 350 multifamily units and
26,000 square feet of ground-floor retail. The transaction was led
by members of EagleBank’s experienced commercial real estate team,
senior vice president Barb Mackin, portfolio manager Sameera Rizvi,
and portfolio administrator, Jeniffer Mejia.
“This transaction underscores EagleBank’s
commitment to invest in our community,” said Mackin. “We’re
thrilled to work with Tishman Speyer to finance such a unique and
promising property “
Leveraged by its premium location, Mazza
Gallerie is situated in the established Wisconsin Ave. retail
corridor and is immediately adjacent to the Friendship Heights
metro rail station. The property boasts several key demand drivers,
including access to strong public schools, walkable outdoor
amenities and 440,000 square feet of shops and restaurants.
“As a top CRE lender in the D.C. market,
EagleBank is proud to contribute to the redevelopment of the Mazza
Gallerie space alongside our trusted partner Tishman Speyer. Our
CRE lending team has deep expertise and a unique understanding of
the D.C. area, and the revitalization of this landmark property
serves as an example of the flexible lending solutions we can
offer,” added Antonio Marquez, President of Commercial Banking at
EagleBank.
About Eagle Bancorp, Inc. and EagleBankEagle
Bancorp, Inc. is the holding company for EagleBank, which commenced
operations in 1998. EagleBank is headquartered in Bethesda,
Maryland, and conducts full service commercial banking through 20
offices, located in Suburban, Maryland, Washington, D.C. and
Northern Virginia. EagleBank focuses on building relationships with
businesses, professionals and individuals in its marketplace.
EagleBank ContactVikki Kayne, Chief Marketing
Officer 301.986.1800
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