February 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces an $82 million refinancing for 200 Occidental, a 182,346-square-foot, Class A office building in the Pioneer Square submarket of Seattle, Washington.
The HFF team worked on behalf of the borrower, Urban Visions, to secure the 15-year fixed-rate loan through Allianz Real Estate of America, Inc. The new loan replaces financing that HFF assisted the borrower with in 2016 at completion of construction.
200 Occidental is an eight-story creative office building with 166,314 square feet of office space, 16,032 square feet of ground floor retail and 68 below grade parking spaces. The LEED Platinum property was designed by Mithun and features 26,000-square-foot floorplates, operable full-height windows, open floor plans, exposed concrete ceilings, bike stalls, locker rooms with showers and an exterior deck on the eighth floor with views of Elliott Bay, the Seattle harbor and the Seattle skyline. Weyerhaeuser Company occupies the entire office portion as their corporate headquarters. Located at the intersection of Occidental and Main in the heart of Pioneer Square, the property is within walking distance to the Pioneer Square and King Street train stations and has convenient access to Interstates 5 and 90 and State Route 99, the primary north-south route through Seattle. The property is also surrounded by an abundant amenity base, including Occidental Square, CenturyLink Field and Safeco Field.
The HFF debt placement team representing the borrower consisted of senior managing directors Bruce Ganong and Gerry Rohm and director Brandon Roth.
“Working on the 200 Occidental transaction again was a privilege and we were thrilled to introduce Urban Visions to a new capital relationship,” said Ganong. “The closing of this high-profile financing was also timely considering the recent opening of HFF’s Seattle office.”