REBusinessOnline

KeyBank Originates $25.9M in Financing for Retail Center in Marysville, Washington

Marketplace-Smokey-Point-Marysville-WA

The Marketplace at Smokey Point in Marysville, Wash., is occupied by 19 tenants, including Hobby Lobby, Dick's Sporting Goods, Ulta Beauty, Party City, Tuesday Morning and Fitness Evolution.

MARYSVILLE, WASH. — KeyBank Real Estate Capital has originated $25.9 million in CMBS first-mortgage financing for The Marketplace at Smokey Point, located at 2615 172nd St. in Marysville. Completed in 2016, the 185,352-square-foot retail center comprises 10 single-story buildings. Hobby Lobby, Dick’s Sporting Goods, Ulta Beauty, Party City, Tuesday Morning and Fitness Evolution are current tenants at the 19-tenant property.

Josh Berde of Key’s Commercial Mortgage Group arranged the non-recourse, fixed-rate financing with a 10-year term and 30-year amortization schedule. The undisclosed borrower will use loan proceeds to refinance existing debt.

Get more news delivered to your inbox. Subscribe to France Media's twice-weekly regional e-newsletters. Click here.



Related News

Content Partners