CBRE Lines Up $49M Loan for Seattle Mixed-Use Project
ByWorking on behalf of Kennedy Wilson, the company has secured the acquisition financing for a nearly 422,000-square-foot office and warehouse property in Redmond, Wash.
CBRE has arranged the $48.9 million sale of Willows Commerce Park, a Class A, 421,415-square-foot office and warehouse property in Redmond, Wash. Brad Zampa, Mike Walker and Megan Woodring of CBRE’s San Francisco office arranged the five-year, non-recourse, full-term interest only, floating-rate acquisition financing. CBRE worked on behalf of the borrower, Kennedy Wilson’s Fund V.
Located at NE 9845 Willows Rd., the mixed-use asset is minutes away from downtown Redmond and downtown Kirkland and offers access to the regional transportation corridors of I-405 and SR-520. Willows Commerce Park is 13 miles away from the Boeing Field/King County International Airport and in close proximity to Lake Washington Technical College and Northwest University. The property includes a mix of tenants such as Microsoft, Oculus, Digipen and Labcorp…