February 7, 2025

Norterra West II is a 144,800-s.f. Class A office property built in 2020 that includes a parking ratio just under six spaces per 1,000 feet of rentable space. The hurdles were the building recapitalization with multiple parties in different continents coupled with lease increases and extensions all required to meet a deadline to defease a CMBS loan on a specific date. More