The New York office of Holliday Fenoglio Fowler, L.P. recently announced that it has arranged a $684 million construction loan for a 1,600,000 square foot upscale retail, office and condominium project under construction in downtown Bellevue, Wash.

HFF operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF senior managing director Mike Tepedino and director Steven Klein worked on behalf of Schnitzer West & Investcorp International, Inc. to secure a construction loan through HSH Nordbank.

The Bravern development will include two office buildings totaling 750,000 square feet, an upscale retail collection of approximately 305,000 square feet and two luxury condominium towers totaling 456 units. A below-grade parking garage will offer parking for 3,100 cars with reserved spaces for residents of the condominium towers. Located at 110th Avenue Northeast, The Bravern has a downtown Bellevue location immediately adjacent to Interstate 405 across Lake Washington from Seattle.

Due for completion in October 2008 and May 2009, the Class A office towers will have 12 and 22 stories and are 100 percent pre-leased to Microsoft. The retail component is projected to open in September 2009 and includes a 125,000 square foot Neiman Marcus flagship store, which will be the first Pacific Northwest store for the company.

The 29-story condominium towers will offer one-bedroom, two-bedroom, sky loft and penthouse units and are projected to be delivered by the first quarter of 2010.

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