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Seattle & Northwest  + Seattle  + Office  |  August 20, 2026
Jasmine Kilman
By: Jasmine Kilman

Grandbridge to Act as Servicer for $210M Refinancing of Two Seattle Office Towers

Grandbridge Real Estate Capital, a subsidiary of Truist, has been named master servicer on its first commercial mortgage-backed securities transaction, marking a significant milestone as the firm expands its servicing platform.

Grandbridge will serve as master servicer for a $210 million refinancing of two office towers outside Seattle owned by Brookfield Asset Management. Goldman Sachs is providing an interest-only, fixed-rate mortgage loan with a four-year anticipated repayment date and a seven-year final maturity.

Block 16 and 24 total 543,000 square feet and are within the transit-oriented Spring District, a 36-acre walkable neighborhood in Bellevue, Washington, which serves as a technology hub for the Pacific Northwest. Block 16 is an 11-story tower, while Block 24 is a 10-story building. Both are 100% leased, and tech giant Meta has occupied the Spring District since 2018.

Brookfield Asset Management is a SASB issuer with approximately $1.1 trillion in assets under management.

Read More News Stories About: Brookfield Properties
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TruistBrookfield

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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