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April 10, 2003

L.J. Melody

Wallace Properties of Bellevue received a $10.5 million permanent loan arranged by the Seattle office of the commercial mortgage broker L.J. Melody & Co. on Wallace's 55,000-square-foot Bellevue North Shopping Center. The main tenants of the center, built in 1979 and 1985, are Sturtevant Sports, Storables and Bartells. Nationwide Life Insurance funded the loan. Michal Makar and Greg Wellington of L.J. Melody arranged the note.




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