{"id":1004330045,"date":"2019-06-11T04:05:22","date_gmt":"2019-06-11T12:05:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004330045"},"modified":"2021-05-10T02:07:07","modified_gmt":"2021-05-10T10:07:07","slug":"seattle-office-portfolio-receives-135m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/","title":{"rendered":"Seattle Office Portfolio Receives $135M Refi"},"content":{"rendered":"
\"\"<\/a>

Third & Battery. Image via Google Street View<\/em><\/p><\/div>\n

After facilitating $78 million in construction financing<\/a> in February for a Marriott hotel in Tacoma, Wash., 3650 REIT has originated a $135 million 10-year loan to refinance Martin Selig Real Estate\u2019s three-asset office portfolio in Seattle.<\/p>\n

The portfolio includes the 202,556-square-foot Fourth & Battery, the 133,467-square-foot 333 Elliott West and the 68,429-square-foot Third & Battery.<\/p>\n

Situated at 2401 Fourth Ave., Fourth & Battery was developed in 1978 and received cosmetic renovations in 2006, according to Yardi Matrix information. The 12-story building is leased to several tenants, including Aptevo Therapeutics, LifeSpan Biosciences and New Engen. Third & Battery is located adjacently, at 2400 Third Ave. The three-story building completed in 2016 is leased to Antioch University, Sound Community Bank and Zymeworks, per Yardi Matrix data.<\/p>\n

The third asset is located at 333 Elliott Ave. W., less than a mile from the other two. The property was completed in 2008 on a 1.2-acre site and is occupied by Outreach. All three properties are situated in Seattle\u2019s Belltown neighborhood.<\/p>\n","protected":false},"excerpt":{"rendered":"

Located in the Belltown neighborhood, Martin Selig Real Estate\u2019s Fourth & Battery, 333 Elliott West and Third & Battery total roughly 400,000 square feet. <\/p>\n","protected":false},"author":748,"featured_media":1004330057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742,21747,1610,15],"tags":[44420],"class_list":["post-1004330045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest","category-office","category-seattle","category-west","tag-3650-reit"],"acf":[],"yoast_head":"\nSeattle Office Portfolio Receives $135M Refi - 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\/seattle-office-portfolio-receives-135m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seattle Office Portfolio Receives $135M Refi\" \/>\n<meta property=\"og:description\" content=\"Located in the Belltown neighborhood, Martin Selig Real Estate\u2019s Fourth & Battery, 333 Elliott West and Third & Battery total roughly 400,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-11T12:05:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:07:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Third-Battery-e1560253078414.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"999\" \/>\n\t<meta property=\"og:image:height\" content=\"749\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/\",\"name\":\"Seattle Office Portfolio Receives $135M Refi - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Third-Battery-e1560253078414.jpg\",\"datePublished\":\"2019-06-11T12:05:22+00:00\",\"dateModified\":\"2021-05-10T10:07:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-portfolio-receives-135m-refi\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Third-Battery-e1560253078414.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/Third-Battery-e1560253078414.jpg\",\"width\":999,\"height\":749,\"caption\":\"Third & Battery. 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