Thursday, August 21, 2014

NBS Financial Secures $26.7M for State Leased Office Building

NBS Financial Services Associate Vice President Jeff Henderson and Associate Finance Officer Zack Goodwin have arranged $26.7 million in permanent financing for Town Center East III, a 5-story 157,625 sf building in Tumwater, WA. NBS Financial represented both the lender as well as the borrower.

The office property was built in 2006 as part of a greater campus occupied by the State of Washington. Although a small portion of vacancy remains in the building, the lender was comfortable that it will be 100% leased within the next 18 months.

Located at 243 Israel Road in Southeast Tumwater, Town Center East III is approximately 5 miles from the state’s capital, Olympia.
  Additional terms were not disclosed.
Town Center East III

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