Schnitzer West and The Baupost Group have secured $525 million in refinancing for The Artise, a recently delivered, class A+ 25-story trophy office tower in downtown Bellevue, Wash., that is 99 percent leased.
Newmark arranged the financing from Goldman Sachs and Deutsche Bank. The Newmark team partnered closely with the clients to structure a competitive refinancing that aligns with the asset's long‑term investment strategy.
"The Artise reinforces the strength of Bellevue as a critical business hub," said Jordan Suther, senior director at Schnitzer West. "The refinancing reflects the continued value of well-located, best-in-class office assets with strong tenancy. We're pleased to see ongoing confidence from the capital markets."
Completed in 2024, at the intersection of NE Eighth Street and 106th Avenue, The Artise is a state-of-the-art, LEED Gold certified office tower featuring a public plaza with a water feature, 927 below-grade parking stalls, self-tinti
