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8/26/25
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Hudson Pacific Properties has secured a new $285 mil refi loan on 1918 Eighth, a 668k sf, Class A office tower in Seattle’s Denny Triangle. The 36-story high-rise, located at the corner of 8th Ave and Virginia St, is 99% leased.
The new five-year, interest-only loan carries a fixed rate of 6.16% and matures in August 2030. Hudson Pacific, which owns 55% of 1918 Eighth in a joint venture with Canada Pension Plan Investment Board, used net proceeds to repay its share of the prior $314.3 mil loan scheduled to mature in December 2025.
Wells Fargo led the refinancing, while Newmark acted as the broker.
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