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September 22, 2017  

Blackstone Taps Deka for Seattle Loan

Deka Bank has provided a mortgage of about $97 million on a downtown Seattle office property.Blackstone used the five-year floater, which closed a week ago, to finance its $156.5 million acquisition of the Exchange Building from Boston fund operator Beacon Capital. Eastdil Secured advised Beacon on the sale and helped line up the debt for Blackstone.Beacon had bought the 317,000-square-foot building in 2013, paying $66 million to a partnership...

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