Newmark Group Inc. Arranges $435 Million Refinancing for Iconic Starbucks Center in Seattle's SoDo District
Newmark Group, Inc. has arranged a $435 million refinancing for the Starbucks Center in Seattle's SoDo District, in collaboration with Deutsche Bank. This refinancing supports the 1.49 million-square-foot office property, which has been Starbucks' headquarters since 1993. Starbucks has extended its lease for 20 years, committing to the property through 2038 and investing over $300 million in it.
Newmark Group, Inc., a leading commercial real estate advisor, has successfully arranged a $435 million refinancing for the Starbucks Center, the iconic headquarters of Starbucks Corporation located in Seattle’s SoDo District. The refinancing, secured in collaboration with Deutsche Bank, supports the continued excellence and strategic importance of the 1.49 million-square-foot office property. Originally occupied by Starbucks in 1993, the center has undergone numerous expansions to accommodate the company’s growth. Starbucks has further demonstrated its commitment by signing a 20-year lease extension, securing its headquarters through 2038, and investing over $300 million in the property. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY40020) on July 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
