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August 23, 2018

$42M financing for Sammamish complex

Newmark said that it has secured $42 million in financing for The Village at Sammamish Town Center, developed by TRF Pacific.

(Editor’s note: An earlier version of this story incorrectly said The Village at Sammamish Town Center is part of a larger 77-acre development by Innovation Realty Partners.)

The loan from an unnamed partner carries a 14-year term with 30 years of amortization. Newmark's Michael Taylor, Skip Slavin and Patrick Taylor arranged the package.

Newmark said the new development on the Sammamish plateau contains 37,000 square feet of medical office space, a 35,000-square-foot Metropolitan Market, and another 35,000 square feet of retail.

Lance Mueller & Associates was the architect, and Abbott Construction was the general contractor.

The site is at 22704 S.E. Fourth St. in Sammamish.