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September 2, 2010

Cole, Wells Fargo and Eastdil

Cole Real Estate Investments arranged with Wells Fargo a $156 million mortgage financing secured by City Center Plaza, a 26-story office tower in Bellevue. The 50 percent loan-to-cost financing has a 3.99 percent fixed rate per annum with a maturity date of 2015. Rob Rubano, senior vice president of Eastdil, brokered the deal. The building is occupied by the Bing division of Microsoft, whose lease runs through 2024.




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