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City Office REIT closes on $41M financing for Seattle property

Feb 28, 2019 - SNL Real Estate Daily

City Office REIT Inc. completed a $41.0 million, eight-year financing, with a five-year extension option, for the three-building, 207,000-square-foot Canyon Park office campus in Seattle with a 4.3% fixed interest rate, subsequent to the end of the 2018 fourth quarter.

The office landlord also completed a $22.4 million, seven-year, 4.6% fixed-rate financing for the 155,000-square-foot Greenwood Blvd. property in Orlando, Fla., during the fourth quarter.