Saturday, October 10, 2015

HFF arranges $7.95 million refinancing for suburban Seattle, WA office/flex property

Snoqualmie Ridge, 8226 Bracken Place SE, Snoqualmie, WA

SAN DIEGO, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $7.95 million refinancing for Snoqualmie Ridge, a two-story, 76,661-square-foot office/flex property in Snoqualmie, a suburb of Seattle, Washington.  

Timothy Wright
Working on behalf of the borrower, Nexus Snoqualmie, LLC, HFF placed the 10-year, fixed-rate loan with a national lender.  Loan proceeds are replacing a maturing CMBS loan from a recapitalization in 2005. 

Snoqualmie Ridge is located at 8226 Bracken Place SE within the Snoqualmie Ridge Business Park in Seattle’s I-90 corridor.  The property occupies 4.11 acres in Seattle’s Eastside area and has a central downtown location in Snoqualmie. 

Completed in 2001, Snoqualmie Ridge is 94.8 percent leased to tenants such as Zetec, Inc., which has its headquarters at the property, as well as Sherwin-Williams and Eastside Psychological Associates.  

HFF’s debt placement team representing the borrower was led by senior managing director Tim Wright and director Zack Holderman

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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