SEATTLE—HFF has secured $69.5 million in financing for the Medical Dental Building, a 294,286-square-foot, historic, medical office building with ground floor retail.
HFF worked on behalf of the borrower, Goodman Real Estate, Inc., to secure the 20-year, fixed-rate loan with AXA Equitable Life Insurance Company through its advisor Quadrant Real Estate Advisors.
Constructed in two phases in 1925 and 1950, the Medical Dental Building was renovated in 2008 and received $25 million in upgrades, including new lobby finishes. The 18-story building is 97% leased to more than 150 tenants, primarily private medical and dental practices.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
