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September 11, 2014

NBS works on Market Square deal

Mike Wood and Austin Johnson of NBS Financial Services secured $7.4 million in acquisition financing for Market Square, a building at 1415 Western Ave.

A limited liability company that shares a Seattle address with Stream Real Estate and is managed by Stream managing member Tim Cavanaugh bought the six-story, 44,100-square-foot office building last month for $12.4 million.

The seller was an entity related to Goodman Real Estate and a Texas company called 9520 Westminster Glen Avenue LLC.

The structure was built in 1908 and was recently renovated.

NBS Financial is the financing arm of NAI Norris, Beggs & Simpson, a commercial real estate company in Portland.




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