The historic Woodies Building stands at 1025 F Street NW in downtown Washington, DC. Image credit: CoStar.
The Woodies Building, located at 1025 F Street NW, came under the control of Trigild IVL following a court order issued on September 2, 2026. The property’s outstanding loan balance has reached $221.6 million, up from the original $204.1 million borrowed in January 2017. The development follows the FBI’s departure from approximately 200,000 square feet of office space.
A historic building in downtown Washington, DC, that once housed a major FBI office has been handed to a court-appointed receiver after nine months of missed loan payments. Netflix and Nvidia, the property is facing financial difficulties as its lender seeks to address the unpaid debt Although the building has secured new leasing deals involving Barnes & Noble.
The court appointed Trigild IVL to oversee the building’s operations, finances and leasing following the dispute over the loan. The lender’s trustee sought the appointment of a receiver to take control of the property, and the court granted the request. Trigild IVL is now responsible for managing the building under the court order.
98, an investment trust associated with South Korean real estate manager IGIS Asset Management. 2026, the borrowers stopped making monthly debt-service payments in December 2025, according to a complaint filed on August 7. The lender also alleged that reserve payments had been missed since March 2025.
The case followed a lawsuit filed by the lender’s trustee, IGIS US Private Placement Real Estate Investment Trust No.