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July 31, 2014

$36M for Wells Fargo Plaza

San Francisco-based Newmark Realty Capital arranged $36 million in financing for Unico Properties' Wells Fargo Plaza in Tacoma. Michael Taylor, a principal in the Seattle office, led the financing team. The 25-story, 308,000-square-foot office building is 98 percent leased. Wells Fargo anchors the building, and other tenants are law firms Gordon Thomas Honeywell and Eisenhower Carlson, as well as Merrill Lynch and Propel Insurance. The loan will replace previous financing from 2004 that is maturing. Newmark has offices in Seattle, San Francisco, Los Angeles, Phoenix and Las Vegas and has done more than 900 loans worth $7.5 billion.




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