HFF secures $225m construction loan for Seattle office project

WCN Editorial Team 19 Feb 2016 NORTH AMERICA BUILDINGS

Holliday Fenoglio Fowler (HFF) has secured a $225m construction loan for Madison Centre, a 37-story, 753,869 sq ft, trophy office project in the central business district of Seattle.

HFF worked on behalf of West Coast real estate firm Schnitzer West, and Cornerstone Real Estate Advisers to secure the loan through Blackstone Real Estate Debt Strategies.

 

The project will feature 746,041 sq ft of office space, 7,828 sq ft of retail space and seven levels of subterranean parking upon completion in 2017. 

 

The property, designed to achieve LEED Gold certification, will feature a communal collaborative workspace with multiple meeting rooms and third-workplace spaces built into the common areas.

 

It will also include a 5,200 sq ft fitness centre equipped with showers and locker rooms, as well as a conference and training centre with an adjoining catering kitchen that can accommodate groups of 12 to 120 people.

 

Other features include a three-storey gathering place, a boardroom with an exterior deck, a fireside lounge, and personal concierge service.

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