{"id":1004071531,"date":"2013-04-23T06:17:46","date_gmt":"2013-04-23T14:17:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004071531"},"modified":"2022-12-08T17:39:44","modified_gmt":"2022-12-09T01:39:44","slug":"union-square-llc-receives-400m-in-loan-refinancing-for-seattle-skyscrapers","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/union-square-llc-receives-400m-in-loan-refinancing-for-seattle-skyscrapers\/","title":{"rendered":"Union Square L.L.C. Receives $400M in Loan Refinancing for Seattle Skyscrapers"},"content":{"rendered":"<p><span style=\"font-size: 13px;line-height: 19px\">B<\/span><em style=\"font-size: 13px;line-height: 19px\">y Keith Loria, Contributing Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/SEATTLE.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004071535\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/union-square-llc-receives-400m-in-loan-refinancing-for-seattle-skyscrapers\/seattle\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/SEATTLE.jpg\" data-orig-size=\"280,362\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;(c) 2012 Chris J. Roberts Photography (206) 365-7727&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"SEATTLE\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/SEATTLE.jpg?w=280\" class=\"alignleft size-medium wp-image-1004071535\" title=\"SEATTLE\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/SEATTLE.jpg\" alt=\"\" width=\"232\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/SEATTLE.jpg 280w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/04\/SEATTLE.jpg?resize=232,300 232w\" sizes=\"auto, (max-width: 232px) 100vw, 232px\" \/><\/a><span style=\"font-size: 13px;line-height: 19px\">Union Square L.L.C. owned by Washington Real Estate Holdings and a major pension fund investor, received $400 million in refinancing for Union Square, two office buildings in\u00a0Seattle, Wash.<\/span><\/p>\n<p>Northwestern Mutual and New York Life each provided 50 percent\u2014or $200 million\u2014in the refinancing.<\/p>\n<p>Union Square consists of\u00a0One Union, a 36-story building containing 670,000 square feet and Two Union, a 56-story building containing 1.1 million square feet. The two buildings are connected by a fireplace lobby and underground pedestrian concourse to the neighborhood.<\/p>\n<p>It is home to some of the most prominent financial institutions, law offices, real estate professionals, health care and other professional firms.<\/p>\n<p>\u201cUnion Square is an iconic office property that is very well-positioned within\u00a0Seattle\u2019s financial district,\u201d Kelly Havey, Northwestern Mutual Real Estate Investment\u2019s director, said in a company statement. \u201cSeattle\u00a0is a dynamic city where it makes sense for us to invest on behalf of our policy owners.\u201d<\/p>\n<p>Located in the heart of Seattle at Sixth Avenue between Union and University Streets, The LEED-certified building is a vibrant and lively destination that offers a variety of retail, intimate outdoor spaces, casual and fine dining.<\/p>\n<p>Union Square is located in the heart of downtown, walking distance to some of the best restaurants, hotels, retail and entertainment Seattle has to offer. It is nearby the Convention Center and Freeway Park, Pike Place Market, Seattle Art Museum, the Seattle Aquarium, ferry terminal and Olympic Sculpture Park.<\/p>\n<p>It also has convenient access to I-5, I-90 and 520.<\/p>\n<p>Washington Real Estate Holdings, as the managing member of the ownership, handles both the leasing and management of Union Square.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Square L.L.C., owned by Washington Real Estate Holdings and a major pension fund investor, received $400 million in refinancing for Union Square, two office buildings in Seattle.<\/p>\n","protected":false},"author":952,"featured_media":1004071535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1610,15],"tags":[],"class_list":["post-1004071531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-seattle","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Union Square L.L.C. Receives $400M in Loan Refinancing for Seattle Skyscrapers - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/union-square-llc-receives-400m-in-loan-refinancing-for-seattle-skyscrapers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Square L.L.C. 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