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

Fourth & Pike Building Receives $29.5M

NBS Financial Services Associate Vice President Jeff Henderson and Associate Finance Officer Zack Goodwin have secured $29.5 million in permanent financing for the Fourth & Pike Building, a 132,326 gross sf office building located in the heart of Seattle’s central business district. NBS Financial represented both the lender, Redwood Commercial Mortgage Corporation, as well as the borrower, Mayfield Management Company.

    Jeff Henderson     Zack Goodwin    

The Fourth & Pike building was purchased in 2008, and after undergoing major renovations, is now 95% occupied. 

“Mayfield Management Company’s high quality repositioning efforts and prime location garnered considerable interest,” Henderson said, “and Redwood Commercial Mortgage Corporation proved to be the best fit for the borrower’s goal."

Fourth & Pike Building

NBS Financial Promotes in Seattle

NBS Financial Services awarded advanced titles at the company’s annual Awards Banquet February 1. Jeff Henderson was named Associate Vice President and Zack Goodwin was named Associate Finance Officer.

Jeff Henderson joined NBS Financial Services in 2009. He brings a strong commercial real estate background to NBS Financial’s growing Seattle office, where he originates loans on all types of commercial properties around the Pacific Northwest.

Zack Goodwin joined NBS Financial Services in 2013. He helps satisfy the capital needs of our clients through exclusive relationships with life insurance companies, conduits and various other lenders.

Zack Goodwin

Jeff Henderson