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CBRE Secures $49M Loan for 420K-SF Redmond Asset

Willows Commerce Park, a four-building, Class A office and warehouse park located in Redmond, WA, was acquired by Kennedy Wilson’s Fund V. CBRE Capital Markets secured a $48.9-million loan for the 421,415-square-foot property.

The asset is located at 9825, 9845, 9911 and 9931 Willows Road NE. Key tenants include Microsoft, Oculus, Digipen and LabCorp.

CBRE’s Brad Zampa, Mike Walker and Megan Woodring arranged the five-year, non-recourse, full-term interest only, floating-rate acquisition financing, priced over 30-day LIBOR on behalf of the borrower. The financing was provided by a national financial service provider. CBRE’s Tom Pehl and Lou Senini represented the unnamed seller.

Zampa notes, ““In this phase of the cycle, we have been continually surprised by a steady stream of new outlier capital sources reaching into our west coast markets.”


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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.

  • ◦Financing
  • ◦Sale/Acquisition
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