Original Rainier Brewery Secures $36M in Financing
JLL Capital Markets has arranged $36 million in financing for the Original Rainier Brewery, a four-building mixed-use property in Seattle. JLL worked on behalf of the borrower, ScanlanKemperBard, to secure the floating-rate bridge loan.
Originally built in the early 1900’s as the brewery for Rainier Beer, the property has been converted into a creative industrial, office and retail complex featuring four separate buildings: the Bottling Plant, the Malt House, the Warehouse and the General Office. The property has 39 tenants spanning various industries from architecture to wine storage to custom woodworking.
The Original Rainier Brewery sits on 6.5 acres in the Georgetown submarket, one of Seattle’s oldest neighborhoods, and has easy access to Interstate 5. In addition, the property is about 4 miles south of Seattle’s CBD and 10 miles from Sea-Tac Airport.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.