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March 31, 2026

Kemper refinances Bellevue offices

By JOURNAL STAFF

BELLEVUE — Lincoln Square North is the 25-story office tower at 10401 N.E. Eighth St., on the corner of Bellevue Way, completed by Kemper Development in 2007. A rarity among office properties, it's almost fully leased. So says Newmark, which announced a $238 million refinancing for the tower last week.

Newmark's Jonathan Firestone, Blake Thompson and Jack Condon found the money, which was supplied by Blackstone and New York Life. Firestone said in a statement, “With near-full occupancy, premier amenities and unmatched connectivity to the Bellevue Collection, the property continues to attract top-tier tenants and support meaningful rent growth.” The new light-rail connection to Seattle also helps.


 
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