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Landlord Refinances Starbucks Headquarters in Developing Seattle Area

Deutsche Bank to Lend Nitze-Stagen Affiliate $425 Million Backed in Part by Coffee Seller’s SoDo Offices

Starbucks’ headquarters in Seattle has undergone about $150 million in improvements over the past five years. (CoStar)
Starbucks’ headquarters in Seattle has undergone about $150 million in improvements over the past five years. (CoStar)

Deutsche Bank took a $425 million loan to refinance the 1.7 million-square-foot Seattle building housing the headquarters of coffee seller Starbucks in a former industrial neighborhood once poised for rapid development. It marks a bet on the return of an area hit by both social unrest and the pandemic.

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