Chicago, USA, October 4, 2013 – Baker & McKenzie represented 1500 K Street LLC in the $77 million refinancing of an office building located at 1500 K Street NW in Washington, D.C. Baker & McKenzie acted as counsel for the borrower in connection with this financing.

1500 K Street LLC is a joint venture owned by Omega Capital S.L. (50%) and by Grosvenor USA Limited (50%). Omega Capital is a Spanish group of companies with interests in several real estate assets in the U.S.  The loan was granted by Wells Fargo Bank, National Association.  The 11-story multi-tenant office building, known as the Southern Railway Building, contains 250,605 square feet of net rentable area on a 32,673 square parcel of land.

“We were pleased to advise Omega Capital and Grosvenor USA on the refinancing of this important asset, which showcases our ability to advise our real estate clients on complex finance transactions with international components,” said José A. Morán, a partner in Baker & McKenzie's Banking & Finance practice.

This transaction involved the collaboration of several attorneys in Baker & McKenzie's Banking & Finance, Real Estate, Corporate, Bankruptcy, Hotels & Resorts practice areas throughout four offices.  The Baker & McKenzie team included José A. Morán, Sarah H. Winston (Chicago), Juan C. Gonzalez (Chicago), Brian  Zurawski (Chicago), Jennifer Markovich (Chicago), Megan R. Renze (Miami), Ira A. Reid (New York) and Laura Camarero (Madrid).