Schnitzer West And The Baupost Group Secures $525M Refinance From Goldman Sachs And Deutsche Bank

The Artise is a 25-story, Class A+ office tower located at 788 106th Avenue Northeast in Bellevue, WA. The property comprises a total loan amount of $525,000,000 and is currently 99% leased.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $525,000,000
• Lender: Goldman Sachs & Deutsche Bank
• Landlord: Schnitzer West & The Baupost Group
• Brokers: Jonathan Firestone, Blake Thompson & Kevin Shannon - Newmark
• Loan Type: Refinance

The refinancing was arranged by Newmark, providing capital to Schnitzer West and The Baupost Group for the acquisition of the property. The transaction showcases the collaboration between prominent financial entities and real estate firms in the market.