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Seattle & Northwest  + Seattle  + Apartments  |  August 29, 2024
Jasmine Kilman
By: Jasmine Kilman

Seattle Area Multifamily, Retail Property Lands $77M Refi

JLL has arranged a $77 million refinancing of The Schoolhouse District, a 264-unit mid-rise multi-housing community with approximately 44,800 square feet of retail in downtown Woodinville, Washington.

JLL represented the borrowers, MainStreet Property Group and HAL Real Estate in securing the fixed-rate loan through AXA IM Alts., acting on behalf of its client. JLL Capital Market’s Debt Advisory team representing the borrower was spearheaded by Senior Director Seth Heikkila and Director Steve Petrie.

Located at 17409 133rd Ave. NE in downtown Woodinville, the complex is within a 20-minute drive from major tech companies in Kirkland, Redmond, and Bellevue. Additionally, residents can delight in the walkable proximity of nearby boutique retailers, restaurants, entertainment venues, and wineries. Completed in 2021, The Schoolhouse District boasts LEED Gold sustainability certification and comprises four separate buildings on a 3.08-acre site offering studio, one-, two- and three-bedroom layouts.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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