homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

May 26, 2022

CBRE arranges $32M for SLU reno

Photo by Soundview Photography [enlarge]


As the DJC first reported in April, Swift Real Estate Partners paid nearly $40 million for a 40-year-old office building in South Lake Union — generally called 425 Pontius. CBRE represented the seller in that deal, and now the broker has announced an additional $32.5 loan for renovations to the exterior lobby, elevators, and common areas. (No architect or contractor have been tipped.) Jeff Henderson secured the loan, working with Mike Walker and Brad Zampa in CBRE's San Francisco office. Bank of the West made the loan. Walker said in a statement, “We were thrilled to partner with Swift Real Estate again, as they add to an already impressive portfolio of well-located office buildings throughout the Pacific Northwest.”




Email or user name:
Password:
 
Forgot password? Click here.