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| SeaTac Office Center, 17900, 17930 and 18000 Pacific Highway South, 15 miles south of Seattle in SeaTac, WA |
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| Bruce Ganong |
PORTLAND, OR – Nov. 23,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $38.87 million in acquisition financing for SeaTac Office Center, a 538,979-square-foot office complex
immediately adjacent to SeaTac International Airport in the Seattle, Washington
area.
Working on behalf of a
joint venture between Urban Renaissance Group and Iron Point Partners, HFF
placed the floating-rate bridge loan with Bank of America. Additionally, HFF was involved in the $47.1
million sale of the property, representing the seller, ScanlanKemperBard
Companies.
SeaTac Office Center is a
three-building, high-rise office campus that is 63 percent leased to multiple
tenants including national credit tenants and governmental agencies.
The property features a
fitness facility with showers and lockers, and a full-service deli and
restaurant as well as views of Mount Rainier and the Olympic Mountains. The buildings are located at 17900, 17930 and
18000 Pacific Highway South, 15 miles south of Seattle in SeaTac.
The transit-oriented
location provides tenants access to the adjacent Link Light Rail, Metro Bus
Rapid Transit and nearby vehicular arteries including Interstate 5 and Highway
99.
HFF’s debt placement team
representing the borrower was led by senior managing director Bruce Ganong and associate director Erica Christensen.
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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