Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Pearlmark Closes $7M Investment on Lynnwood Office
Chicago-based Pearlmark has closed on a $7 million mezzanine debt investment for the acquisition of Northview Center, a 182,000-square-foot office property in Lynnwood, WA. The investment was made on behalf of Pearlmark Mezzanine Realty Partners V, L.P. and the senior loan was provided by Prime Finance.
Pearlmark Managing Director Bill Swackhamer said in a news release, “The quality of the sponsorship here is strong, and the significant upside potential of the project makes this an attractive investment.”
Northview Center is located on 44th Avenue West, immediately adjacent to Interstate 5 and just a couple of miles from Interstate 405. The property is also close to a new light rail station which will provide easy access to downtown Seattle, situated approximately 15 miles to the south.
- ◦Financing
