Gantry has recently secured a $12.1 million permanent loan to finance the acquisition of a single-tenant industrial building located at 745 Andover Park E in Tukwila, Washington.

The 109,000-square-foot facility sits on 4.76 acres, with near-direct access to both I-5 and I-405 and ready access to the communities and logistics infrastructure of the greater Puget Sound region.

Gantry’s Mike Wood, Principal, and Tim Brown, Senior Associate, with the firm’s Seattle production office, represented the borrower, a private real estate investor. The 7.5-year, fixed-rate, non-recourse loan was secured through one of Gantry’s correspondent insurance company lenders and features an introductory interest-only period followed by 30-year amortization for the remaining term.

“We were able to lock a rate in November of last year to begin the formal purchase negotiations with a loan in place from one of our top insurance correspondents,” said Wood. “That strategic move allowed the transaction to stay on track through a dramatic period of rate volatility at the close of 2024 into January of 2025 when the transaction concluded.”