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| 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.
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| 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 | www.hfflp.com
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