Acting as the mortgage broker on the transaction, Melody's New York City office obtained the permanent financing on the building from Salomon Smith Barney on behalf of Time Equities Inc. Terms of the loan are 30 years at 7.25%.

Murray Business Center is a 340,000-sf flex/office property housing such major tenants as Providence Health Care, Nike Corp. and Stream International. The building is 100% occupied.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Capital Markets
Industrial
Portland, OR