Seattle - Bellevue/Redmond

Combined NLA 1,603,687 SF
Combined Carrying Value US$714.0M
Portfolio Weight 49.0%

Properties

The Plaza Buildings

10800 & 10900 NE 8th Street Bellevue, Washington
Carrying Value US$339.0M
Committed Occupancy 92.00%
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Bellevue Technology Center

15805 NE 24th Street Bellevue, Washington
Carrying Value US$151.0M
Committed Occupancy 95.70%
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The Westpark Portfolio

8200 - 8644 154th Avenue Ne Redmond, Washington
Carrying Value US$224.0M
Committed Occupancy 95.30%
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At A Glance

Home to globally renowned public and private research institutions and prestigious universities, Seattle has drawn a deepening pool of talent from aerospace, retail and creative, to information and clean technology sectors. While the central business district continues to flourish, anchored by many Fortune 500 companies, the submarkets of Redmond and Bellevue are booming. Due in part to large corporations like Microsoft, and now Amazon setting the trend of submarket migration, reputable companies are following suit to take advantage of the preferred lifestyle factors that exist just across Lake Washington. A large beneficiary of California out-migration, these Seattle submarkets flaunt convenient access to three national parks and acclaimed hiking, biking, rafting, fishing and other outdoor recreation opportunities.

State Income Tax
State Income Tax ZERO Positioning the city as a beacon for continued growth, maintaining young, educated workers at its core
4th Fastest Growing US City
Largest Population Growth US City 10th 145,014 increase in population between April 1, 2010 and July 1, 2019
Universities and Education
Universities and Education 56% of Washington residents earn a bachelors degree at minimum

Growth Metrics

GDP Growth Average
2015-2019(1): U.S. average 2.5%
5.6%
Employment Growth Average
2015-2019(2): U.S. average 1.6%
2.8%
Population Growth Average
2015-2019(3): U.S. average 0.6%
1.6%
  • (1) U.S. Bureau of Economic Analysis
  • (2) U.S. Bureau of Labor Statistics
  • (3) U.S. Census Bureau, Population Division

Quality of Life

Olympic National Park
Olympic National Park
Olympic National Park
Mount Rainier National Park
Olympic National Park
North Cascades National Park
Olympic National Park
Bellevue Botanical Gardens
Olympic National Park
Maydenbauer Beach Park
Olympic National Park
Lake Washington Kayaking
Olympic National Park
Seattle Art Museum
Olympic National Park
Dining at Lincoln Square