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April 17, 2014

CBRE gets financing for KBS deal

CBRE Capital Markets' debt and structured finance team, led by Val Achtemeier, arranged $141 million in financing for KBS Strategic Opportunities real estate investment trust, which bought Plaza Center and US Bank Plaza in Bellevue this year for $186 million. Beacon Capital Partners of Boston is the seller. CBRE secured a $111 million loan from Wells Fargo and a $30 million mezzanine loan from Principal Capital Management. Plaza Center is a 16-story structure at 10900 N.E. Eighth St. The 10-story US Bank Plaza is at 10800 N.E. Eighth St. Both are LEED silver and 82 percent leased.




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