The owner and founder of McSam Hotel Group received the loan from S3 Capital Partners, a subsidiary of New York real estate company, Spruce Capital Partners.

As the Seattle economy continues to expand, the demographics in Renton are strong and improving, with a low 3.61% unemployment rate, average income of $77,305 and high-paying employers.

“Central Perimeter continues to be a magnet for corporate headquarters with job creation and therefore investor interest," says Cushman & Wakefield's Mike Kemether.