Nuveen Green Capital Funds $42M Construction Loan For The Yard Retail Project In Woodinville | 14492 147th Place Northeast | Nuveen Green Capital | Retail | Loan

Summary

Loan

WASHINGTON

Retail

390,000 sqft

The property at 14492 147th Place NE in Woodinville, WA, is a retail asset spanning 390,000 square feet. The construction loan amount for this property is $42,000,000, secured by Nuveen Green Capital and Aidan McLaughlin for VP Companies. The loan term is set at 30 years.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $42,000,000
Lender: Nuveen Green Capital and Aidan McLaughlin
Landlord: VP Companies
Market: Woodinville, WA
Asset Size: 390,000 SF
Loan Type: Construction
Loan Terms: 30 years

Nuveen Green Capital, a national leader in C-PACE and sustainable financing, partnered with Columbia Pacific Advisors to provide an $89M financing package for the construction of The Yard by VP Companies in Woodinville, WA. The project will feature wine-oriented retail and parking spaces, attracting various tenants such as restaurants, wineries, breweries, and boutiques. The property is expected to be a significant anchor within the greater Harvest development.

Players

All
1

Lenders
1

Nuveen Green Capital

Details

Deal Summary

FINANCED

IMAGE: Cory Jubran & Aidan McLaughlin DATE: 12/29/2023 ADDRESS: 14492 147th Place NE MARKET: Woodinville, WA ASSET TYPE: Retail ~ SF: 390,000 LENDER: Cory Jubran & Aidan McLaughlin - Nuveen Green Capital LANDLORD: VP Companies LOAN AMOUNT: $42,000,000 LOAN TYPE: Construction LOAN TERMS: 30 years NOTE FROM LENDER: Nuveen Green Capital, a national leader in C-PACE (Commercial Property Assessed Clean Energy) and sustainable financing solutions, and Columbia Pacific Advisors collaborated on an $89M financing package to fund the construction of VP Companies’ The Yard, a wine-oriented retail and parking project outside Seattle in Woodinville, WA. Once built, tenants will include restaurants, wineries, breweries, and boutiques and the property will serve as a key anchor to the greater Harvest development.

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Address14492 147th Place Northeast

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