Property Type Office
Date January 20, 2016
Gantry has arranged financing in the amount of $36,000,000 for the Wells Fargo Plaza Office Building located in Tacoma, Washington. Wells Fargo Plaza is a Class-A, 308,000 square foot, LEED-EB Silver, 25-story office building located in downtown Tacoma.
Gantry has arranged financing in the amount of $36,000,000 for the Wells Fargo Plaza Office Building located in Tacoma, Washington. Wells Fargo Plaza is a Class-A, 308,000 square foot, LEED-EB Silver, 25-story office building located in downtown Tacoma. Owned by Unico Properties LLC, a real estate investment and operating company, the building was 98% leased and anchored by Wells Fargo Bank, Tacoma’s leading law firms, Gordon Thomas Honeywell and Eisenhower & Carlson and a number of national and regional tenants including Merrill Lynch and Bratrud Middleton (Now “Propel”) Insurance. Michael Taylor, a Principal in Gantry’s Seattle office arranged the financing for Wells Fargo Plaza to replace the maturing loan that he had placed for Unico Properties ten years earlier. Due to the quality of the asset, the strength of the sponsorship and the modest leverage request the ownership was able to secure very competitive terms for the financing. Gantry is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Gantry’s production, closing and servicing capabilities. Established in 1991, Gantry is currently staffed by over 60 employees in regional offices throughout the western United States. The company services over $8 billion representing 1,000 loans. Gantry has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation. For more information on this transaction please contact Michael Taylor at (206) 816-6816, Patrick Taylor at (206) 816-6808 or Michael Heagerty at (415) 956-9854.