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July 8, 2021
The SoDo UrbanWorks building sold in April for a little over $53.4 million. It's now owned by Nicola Wealth of Vancouver, B.C. Now Gantry has announced a $36 million refinancing packaged arranged by its principals Brian Bonipart and Michael Taylor. Gantry says the loan came from a life insurer, and features a 5-year, fixed-rate term. Bonipart said in a statement, “Essential retail and exceptional retail are back on the radar for many of Gantry's life (companies).” With tenants including several wineries, San Juan Seltzer and Nine Pies Pizza, Gantry foresees a post-pandemic rebound for in-person gatherings at the SoDo facility.