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Seattle & Northwest  + Seattle  + Retail  | 

Newmark Secures $65M in Financing for Downtown Woodinville Center

San Francisco-based Newmark Realty Capital, Inc (NRC) arranged $65 million in permanent financing for the Downtown Woodinville Shopping Center in Woodinville, WA. Michael Taylor, Skip Slavin, along with Patrick Taylor and Alex Saunders in NRC’s Seattle office arranged the financing through John Hancock Life Insurance Company. NRC secured the non-recourse, 10-year term, interest-only loan for the property owner.

The multi-tenant retail center is anchored by a 123,000-square-foot Target, which owns its store, a 67,000-square-foot Haggen Grocer, and an AMC Theater. Other national retailers include PetSmart, Barnes & Noble, Cost Plus World Market, Ross Dress for Less, Famous Footwear, Starbucks and Chipotle.

“This was a refinance of a permanent loan which we placed for the borrower 10 years ago at what was the height of the financial crisis,” said Michael Taylor. “Fortunately, the capital markets have long since rebounded. This property has performed very well and there were several lenders competing for the financing.”

For comments, questions or concerns, please contact Dennis Kaiser

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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
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