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Seattle & Northwest  + Seattle  + Industrial  |  January 10, 2025
Jasmine Kilman
By: Jasmine Kilman

Cushman & Wakefield Arranges $40M for Seattle Manufacturing Facility

Cushman & Wakefield served as the exclusive advisor to affiliates of Avenue 55 and Columbia Pacific Advisors, arranging $40 million in financing for Track6, a manufacturing and research & development facility located in the SoDo submarket of Seattle, Washington.

Cushman & Wakefield’s Dave Karson, Chris Moyer, Paul Roeter and Jason Blankfein represented the borrower in the refinancing transaction. The capital raise is being used to retire the existing loan, fund the remaining lease-up costs, and stabilize the property. Thorofare Capital provided the loan.

The 210,776-square-foot, four-story building was recently built and offers immediate access to the Port of Seattle, proximity to Seattle-Tacoma International Airport and King County International Airport, as well as short drive times to the major population centers across the MSA.

“The lending market for differentiated industrial assets such as Track6 is robust, and we could not have been more pleased to work with Thorofare Capital on this transaction,” said Karson.

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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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