High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Seattle & Northwest  + Seattle  + Retail  | 

Tacoma Retail Center Secures $21M Financing

Gantry has secured a $21.4 million permanent loan for the acquisition of the James Center grocery-anchored retail center located at 6901 S 19th St in Tacoma, Washington.

The property was purchased by a partnership managed by Rosen Harbottle Commercial Real Estate whose portfolio consists of 64 retail, office and industrial buildings totaling over 3.9 million square feet throughout Puget Sound and Boise, Idaho.

Gantry’s Alan Hergert, Senior Director, and Tim Brown, Senior Associate, with the firm’s Seattle production office, represented the borrower, a private real estate investor. The 10-year, fixed-rate, nonrecourse loan was secured through one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan.

The stabilized property offers 140,240 square feet of leasable space in multiple buildings on a 15.95-acre site. Major tenants at James Center include Fred Meyer grocers, Rite Aid, U.S. Bank, IHOP, Taco Bell, MultiCare, and FedEx.

Connect

Inside The Story

Gantry

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.

New call-to-action
New call-to-action
New call-to-action