June 11, 2019
Martin Selig Real Estate refinanced a nearly 403,000-square-foot office portfolio in Seattle for $135 million. The Selig Office Portfolio features three properties: 333 Elliott West; Fourth and Battery, located at 2401 4th Avenue; and Third and Battery (pictured), located at 2400 3rd Avenue.
The latter two buildings are well-positioned in Seattle’s most densely-populated neighborhood, Belltown; while 333 Elliott West resides just north on a conveniently situated stretch of waterfront. The new loan will provide the borrower with additional capital to continue advancing development initiatives meeting the needs of residents in the thriving Seattle market.
3650 REIT originated and will service and asset manage the 10-year, first-mortgage, fixed-rate commercial real estate loan through its maturity.
For comments, questions or concerns, please contact Dennis Kaiser