George Smith Partners Arranges $19.9M Loan for Under Armour Office Build-to-Suit in Downtown Portland
PORTLAND, ORE. — George Smith Partners has arranged a $19.9 million bridge loan for the construction of a build-to-suit creative office campus in downtown Portland for sportswear supplier Under Armour.
The 68,698-square-foot, special-purpose, single-tenant building formerly housed the local YMCA. It will be transformed into a 108,698-square-foot campus environment. Under Armour signed a 15-year lease at the property. The borrower and landlord were not disclosed.
Malcolm Davies, Kyle Henrickson and Teddy Stutz of George Smith Partners secured the financing.