1620 H-B Associates
Limited Partnership

Formed in 1985 for the purpose of acquiring and developing a commercial building in Washington, D.C. The land and air rights were purchased for $18,000,000. A 15 story office building was planned for the site totaling a gross buildable area of 175,512 sq.ft. The equity investment was $6,500,000 and the balance was financed by Chase Manhattan Bank. The project was divested in 1988.