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Union Bank Secures Three-Year, $90-Mil Loan

SEATTLE-Citing underlying strengths in the Seattle market, Holliday Fenoglio Fowler has loaned the Union Bank of California Center $90 million. The center, a 41-story office building is located in the heart of the city's financial district.

By Gina Binole | Updated on November 13, 2001

SEATTLE-Union Bank of California Center, a 538,000-sf building in the city’s financial district, has received $90 million in financing arranged by Holliday Fenoglio Fowler.

Scott McMullin, senior managing director of Holliday Fenoglio Fowler’s Los Angeles office, arranged the adjustable-rate, three-year loan on behalf of Walton Street Capital, LLC, through GMAC Commercial Mortgage Corporation, a conduit lender.

Located at 900 Fourth Avenue in the heart of Seattle’s financial district, Union Bank of California Center was built in 1973 and renovated in 1999. The 41-story building, which occupies an entire city block, is 88 percent leased and includes Union Bank of California, the State of Washington Office of the Attorney General, N2H2 Inc. and Global Crossing Inc. as major tenants.

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