Home Industry News HFF Announces $82MM Refinancing For 200 Occidental in Seattle’s Pioneer Square

HFF Announces $82MM Refinancing For 200 Occidental in Seattle’s Pioneer Square

Seattle, Broderick Group, Skanska, Urban Visions, JLL, Eastdil Secured

SAN FRANCISCO, CA – 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.”

About Urban Visions
Headquartered in Seattle, Washington, Urban Visions is a private real estate developer and manager committed to smart growth principles, sustainable development choices and increased urban density. The firm currently develops and manages across all asset types and has a successful track record in new development, historic rehabilitation and major entitlement projects. Notable properties that the firm is developing or has developed in Seattle include 200 Occidental; 888 2nd Avenue, “S”; 1516 2nd Avenue; Millennium Tower; and IDX Tower. Since its founding in 2003 by Greg Smith, Urban Visions has been involved in the entitlement, development and redevelopment of nearly three million square feet of office and residential projects in Seattle. For more information, visit: www.urbanvisions.com.

About Allianz
The Allianz Group is one of the world’s leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while its asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to its systematic integration of ecological and social criteria in our business processes and investment decisions, Allianz holds a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.

About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information please visit hfflp.com or follow HFF on Twitter @HFF.