The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



FINANCING NEWS
Printer-friendly Version   Email an Associate
American Life Lands New Financing of $122 Mil on Seattle Office and Hotel Asset

6/25/21

American Life Inc has secured $122.7 mil in refi money on 255 South King Street, a 717.7k sf office and hospitality asset in Seattle. The loan was arranged by Cushman & Wakefield and provided by PCCP.

255 South King Street is a LEED Silver-certified property that consists of a 209.5k sf office tower and a 23-story, 282-room Hilton Embassy Suites Hotel with approximately 10k sf of meeting and event space, pool, fitness center and parking garage, as well as 17.3k sf of retail. The office tower, which spans 11 stories above a seven-story retail and parking garage podium, is 100% leased. The asset was developed by ALI and completed in February 2018.

The property is located within the Pioneer Square submarket, just south of Downtown Seattle and steps from best-in-class amenities, offering tenants and visitors immediate access to numerous retail and entertainment options, as well as mass transit options and major freeways.

C&W’s Dave Karson, Chris Moyer, Stephen Michels, Zachary Kraft and Lauren Greenberg represented the borrower in arranging the financing.

“We had strong credit support from the office building which helped offset the softer market demand for the hotel during the pandemic, but this particular hotel is recovering well and the location down by the stadium has become very appealing given access to both Bellevue and Downtown Seattle,” said Karson.





Return to the Archive page
 
 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media