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  + Finance  | 

Clise Claims $160M Loan for Landmark Seattle Resi Tower

A subsidiary of Seattle-based Clise Properties secured a $160-million permanent loan for McKenzie Seattle, a distinctive elliptical 40-story, luxury 450-unit residential tower in Seattle. The fixed rate 10-year loan was arranged as the for-rent property was approaching stabilized occupancy. Northwestern Mutual Life Insurance Company provided the financing.

Located at 2202 8th Ave., the project was completed in August 2018 and includes a mix of studios, one, two- and three-bedroom penthouse units and 379 parking spaces. Units have 360-degree city views and five-star amenities, which include a 39th floor fitness center, 40th floor common area with deck, private spa retreat and 24/7 tenant concierge.

Wild Ginger, a well-known and highly-regarded restaurant, occupies the ground floor retail space. The property is also located within two blocks of Amazon’s corporate headquarters and “Spheres” landmark.

CBRE’s David Stinebaugh and Mark Capeloto represented the owner.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Clise PropertiesConnect With CBRE’s Stinebaugh

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