Nitze-Stagen & Daniels Real Estate Secures $435M Refinance Loan From Deutsche Bank For Starbucks Center

The asset involved in this transaction is an office property located at 2401 Utah Avenue South in Seattle, WA. The property secured a refinancing loan amounting to $435,000,000. It is situated in the SoDo District, a notable market area for office spaces.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $435,000,000
• Lender: Deutsche Bank
• Landlord: Nitze-Stagen & Daniels Real Estate
• Brokers: Jordan Roeschlaub, Blake Thompson, Jonathan Firestone & Kevin Shannon - Newmark
• Loan Type: Refinance

This refinancing was arranged by Newmark for the Starbucks Center on behalf of Nitze-Stagen and Daniels Real Estate, providing them with the necessary capital to optimize their asset in a competitive market.