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Acquisition Financing Arranged for Historic Seattle Georgetown MXU Campus

ScanlanKemperBard (SKB) secured $32.5 million in acquisition financing for the Original Rainier Brewery, a four-building, 187,466-square-foot creative, mixed-use campus in Seattle’s historic Georgetown neighborhood. HFF’s Tom Wilson and Zachary Kersten worked on behalf of the borrower to arrange the three-year, floating-rate loan, with two one-year extension options with a debt fund.

SKB plans to further elevate the stature and improve the property, while maintaining the historic integrity. Constructed in the early 1900s as the brewery for Seattle Brewing and Malting Company, it eventually housed Rainier Beer. A designated landmark, the asset was held by Seattle-based Sabey and encompasses the Bottling Plant, the Malt House, the Warehouse and the General Office, as well as two land parcels.

The buildings are designed for creative industrial/light manufacturing uses and feature natural light, exposed brick, original flooring, historical detailing and unique layouts. Located at 5624-6004 Airport Way S., the 92%-leased building has 55 tenants, including REI, Patagonia, Keen and Elysian Brewing Company.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition