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January 30, 2025

$42M secured for 179 Puyallup units, plus retail

By JOURNAL STAFF

George Smith Partners has its two main offices in New York and Los Angeles. It also has a base in Bellevue. The firm, aka GSP, recently announced that it landed a $42.5 million construction loan for a 179-unit garden apartment project in Puyallup, which also has three planned retail buildings. Matthew Fisher, in Bellevue, and Grant Pugatch, in L.A., arranged the construction-to-permanent loan, from an unnamed source. The borrower-developer wasn't named, nor were other details supplied. The project looks to be East Town Crossing, at 2902 E. Pioneer, which broke ground last year. Kidder Mathews represents the remaining 5,000 square feet, with a third retail pad already claimed.




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