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December 12, 2024

Gantry finds $12M for Everett refi

By JOURNAL STAFF

Just north of Everett, on the north side of the Snohomish River, the recently renamed Dogwood Enterprises Industrial Park sold last year for over $14.7 million to a Kirkland family investor group. Developed on some 31 acres, the four-building complex dates to the late 1960s. It was previously home to Builders FirstSource, but was vacant at the time of last year's sale. Gantry now says the property is fully leased, and that it recently arranged a nearly $11.9 million refinancing for the owner. (Public records indicate First Technology Federal Credit Union as the lender.) Leading the effort were Mike Wood, Tim Brown and Demetri Koston. The latter said in a statement, “This was a challenging assignment that resulted in a great loan outcome for a legacy hold.” The fixed-rate loan carries a 10-year term. Dogwood Industries, based in Woodinville, now appears to be the new tenant, and is actively hiring for the Everett plant, which also makes prefabricated metal buildings and building materials. Gantry also notes that the property has 12 acres for possible expansion.




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