With a hefty pipeline of projects in the works, D.C.-based Quadrangle Development Corp. is once again turning to the private equity market for financing.
The privately held firm, which developed such high-profile projects as the Shops at National Place in D.C. and the mixed-use Towers Crescent in Tysons, is seeking to raise $275 million through its recently established National Capital Properties VI LP fund, according to a Form D filing with the U.S. Securities and Exchange Commission. It is the sixth fund Quadrangle has set up over the past two decades for the purpose of buying and developing properties in greater Washington and first since 2015, according to Securities and Exchange Commission filings.
The company didn’t respond to a request for comment. Quadrangle president Christopher Gladstone and vice president Elise Rabekoff are named as officers in the fund, which will offer both equity and pooled investment fund interests. The SEC accepted the filing May 31, but the fund has…
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