HFF arranges $14M financing for Pavilions Centre in suburban Seattle

PORTLAND, OR – The Portland and New York offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have arranged a $14 million financing for Pavilions Centre, a 200,000-square-foot grocery-anchored shopping center in Federal Way, Washington.

Working exclusively on behalf of Kimco Realty Corporation, HFF director Casey Davidson and managing director Robert Delitsky (top right photo) secured a non-recourse fixed-rate loan through one of HFF’s life company correspondent lenders.

Pavilions Centre (bottom left photo)  is located at 31217 Pacific Highway South close to the Commons at Federal Way regional mall approximately 25 miles south of downtown Seattle.

The property was completed in 1996 and is currently stabilized by the following anchor tenants: H-Mart, Barnes & Noble, Petco and Jo-Ann Fabrics.

Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates North America’s largest portfolio of neighborhood and community shopping centers.

Contacts:

Casey Davidson, HFF Director, (503) mailto:cdavidson@hfflp.com
Robert Delitsky, HFF Managing Director, (212) mailto:5rdelitsky@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,  krmurphy@hfflp.com