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6/10/19
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Newmark Realty Capital arranged $65 mil in refi money for the Downtown Woodinville Shopping Center. The property is located in Woodinville, WA, approximately 20 miles northeast of the Seattle CBD.
The multi-tenant retail center is anchored by a 123k sf Target, which owns its store, a 67k sf Haggen Grocer, and an AMC Theater. Other national retailers in at the property include PetSmart, Barnes & Noble, Cost Plus World Market, Ross Dress for Less, Famous Footwear, Starbucks and Chipotle.
The non-recourse, 10-year term, interest-only loan was funded through through John Hancock Life Insurance Company. It was arranged by Newmark Realty Capital’s Michael Taylor, Skip Slavin, Patrick Taylor and Alex Saunders.
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