SAN DIEGO, CA – The San Diego and Portland (OR) offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have arranged a $21 million refinancing for Nexus Canyon Park, (top left photo) a 152,050-square-foot biotech/laboratory building in Bothell, Washington.
Working exclusively on behalf of Nexus Properties, Inc., HFF senior managing director Tim Wright, director Tom Wilson and associate director Zack Holderman (lower left photo) secured the loan with Prime Finance, a commercial real estate finance company with offices in San Francisco, Chicago and New York.
Nexus Canyon Park is fully leased to four tenants: VoiceStream (T-Mobile), Immunex (AMGEN), Epoch Pharmaceuticals and Acucela.
The property is located at 21720 23rd Drive SE less than one mile from Interstate 405 and about 15 miles northeast of downtown Seattle in Bothell.
The property is located at 21720 23rd Drive SE less than one mile from Interstate 405 and about 15 miles northeast of downtown Seattle in Bothell.
“Nexus Canyon Park enjoys an excellent cost advantage to any new asset required to provide the build-out and mechanical capacity required by today’s biotechnology and communication tenants,” said Wright.
Founded in 1979, Nexus Properties, Inc. is a developer of high quality corporate facilities, biotech laboratories, and flex research and development properties throughout California, Washington, North Carolina and other markets.
Contacts:
Timothy D. Wright, HFF Senior Managing Director, (858) 552-7690 twright@hfflp.com
Thomas F. Wilson, HFF Director, (503) 224-0444, twilson@hfflp.com
Kristen M. Murphy , HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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