KeyBank Originates $25.9 Million in CMBS Financing for Retail Center in Marysville, Washington

by Camren Skelton

Marysville, Wash. — KeyBank Real Estate Capital has originated a $25.9 million CMBS loan for the refinancing of The Marketplace at Smokey Point, a 185,352-square-foot shopping center in Marysville.

The center is home to 19 tenants, including Hobby Lobby, Dick’s Sporting Goods, Ulta Beauty, Party City, Tuesday Morning and Fitness Evolution. Josh Berde of Key’s Commercial Mortgage Group arranged the non-recourse, fixed-rate financing with a 10-year term and 30-year amortization schedule. The name of the borrower was not disclosed.

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