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Seattle & Northwest  + Washington  + Retail  | 

Newmark Arranges $42M for Seattle-Area MXU

Newmark arranged $42 million in permanent financing for the 107,000-square-foot Village at Sammamish Town Center, a newly-completed, ground-up development in Sammamish, WA, a city 20 miles east of Seattle. The multi-level mixed-use asset consists of 37,000 square feet of medical office space, a 35,000-square-foot Metropolitan Market, and an additional 35,000-square-foot retail center.

Newmark’s Michael Taylor, Skip Slavin and Patrick Taylor arranged the non-recourse financing on behalf of the property owner. The 14-year term, 30-year amortization was placed with one of Newmark’s correspondent lenders. Newmark will also service the loan.

Taylor says, “This was a refinance of a construction loan which we placed for the borrower. Our team kept close track of the property from initial construction through lease-up, and when the deal metrics were right for permanent financing, we were able to provide the borrower with several competitive options.”

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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
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