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Seattle Capital Markets

Bellevue Collection Bags $526M in Financing

The 1.5M SF Lincoln Square expansion of the Bellevue Collection has obtained $526M in financing from CPPIB Credit Investments Inc, which is a subsidiary of the Canadian Pension Plan Investment Board. Snapped: Kemper Development co-CEO Kemper Freeman.

The project includes a 41-story W-branded hotel tower, which will open in spring 2017. It will also feature a 31-story office building with retail in its first three levels.

Cushman & Wakefield arranged the financing deal for the Kemper Development project, which is underway. The expansion will nearly double the size of the Bellevue project. [PSBJ]

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