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U.S. Bank closes on multi-million dollar loan for Centennial Plaza in Salt Lake City
Nov. 5, 2013

U.S. BANK CLOSES ON MULTI-MILLION DOLLAR LOAN FOR CENTENNIAL PLAZA IN SALT LAKE CITY

SALT LAKE CITY, Utah (November 5, 2013) – U.S. Bank and Harsch Investment Properties announced today they have closed on a multi-million dollar bridge loan that will finance Harsch’s acquisition of Centennial Plaza, a 244,000 square-foot multi-tenant industrial park in Salt Lake City.

Centennial Plaza is a three-building industrial campus occupied by tenants such as JMH International Inc., Sulzer Pumps, Coherex Medical Inc., Control 4 Corp., Town and Country Flooring and Redi Carpets.

“U.S. Bank knows the Salt Lake market well and we are pleased to have played a role in helping our client, Harsch, acquire their first property here,” said Ann Young, division manager for U.S. Bank Commercial Real Estate.

Portland, Oregon-based Harsch Investment Properties is a regional, family-owned commercial real estate company that has been doing business for over 60 years.

“We are very excited about adding Salt Lake properties to our West Coast holdings,” said Jordan D. Schnitzer, president of Harsch Investment Properties. “U.S. Bank continues to be an outstanding bank to work with. Many banks talk about how important relationships are. U.S Bank practices what they preach!”

About Harsch Investment Properties

Harsch Investment Properties is a privately-held real estate company that acquires, manages and develops properties for its own portfolio. Founded in 1950, the company owns and operates 20 million square feet of office, multi-tenant industrial, multi-family and retail properties in six western states. Headquartered in Portland, Oregon, Harsch has regional offices in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, and San Diego. More information can be found by going to http://www.harsch.com.

About U.S. Bank Commercial Real Estate

U.S. Bank Commercial Real Estate specializes in providing creative credit and non-credit financial solutions for real estate developers, REITs, and commercial property owners across the United States. U.S. Bank offers such services as construction/development lending, property acquisition lending, refinancing, lines of credit, and syndications. With an employee base of 400 professionals in 26 offices, U.S. Bank Commercial Real Estate builds long-term relationships designed to help American businesses grow.

About U.S. Bank

Minneapolis-based U.S. Bancorp (NYSE: USB), with $361 billion in assets as of September 30, 2013, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The Company operates 3,088 banking offices in 25 states and 4,937 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.


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    Susanne Orton
    Vice President of Marketing & Communications
    (503) 973-0298
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