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May 26, 2011

NBS Financial Services

Henderson

Jeff Henderson of NBS Financial Services in Seattle originated $20.2 million in permanent financing for Pacific Plaza, a LEED platinum office and retail project in Tacoma. Bank of America is the lender; terms were not disclosed.

He said the CMBS single-asset transaction was challenging because the market recently lost a large tenant — Russell Investments — and Pacific Plaza is a condominium with partial owner/user space, including a grocery store that has yet to take occupancy.

Henderson said lenders are starting to look in secondary markets.




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