Regions West | Seattle/Portland
Aug 1, 2008
The 306,000-square-foot Northgate North Shopping Center on Northgate Highway in Seattle has just been refinanced to the tune of $26.7 million. Acting on behalf of the owner, a REIT with a notable presence in the West and Southwest retail markets, Cohen Financial orchestrated the financing deal, which consisted of a fixed rate, interest only loan from a Cohen Financial correspondent. Located in a well-traveled commercial and retail corridor, the four-story Northgate North is anchored by a multi-level Target store and is presently over 97 percent leased. Best Buy is also a tenant at the Class A property.
The 306,000-square-foot Northgate North Shopping Center on Northgate Highway in Seattle has just been refinanced to the tune of $26.7 million. Acting on behalf of the owner, a REIT with a notable presence in the West and Southwest retail markets, Cohen Financial orchestrated the financing deal, which consisted of a fixed rate, interest only loan from a Cohen Financial correspondent. Located in a well-traveled commercial and retail corridor, the four-story Northgate North is anchored by a multi-level Target store and is presently over 97 percent leased. Best Buy is also a tenant at the Class A property.
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