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  + Washington  + Office  | 

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.”


Subscribe to Connect Daily National

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: CBRE, Microsoft
Connect

Inside The Story

Connect With CBRE's Zampa

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
New call-to-action