Kemper Development Secures $238 Million Refinance Loan For Lincoln Square North Office In Bellevue

Kemper Development Co. secured a loan to refinance Lincoln Square North, an office asset located at 700 Bellevue Way Northeast in Bellevue, WA. The property encompasses 561,466 square feet and is fully leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $238,000,000
• Loan Type: Refinance
• Lender: Blackstone & New York Life
• Landlord: Kemper Development

The loan transaction marks a significant move by Kemper Development, reinforcing its position in The Bellevue Collection and illustrating a strategic refinancing initiative for its assets.