The Westpark Portfolio is a business campus that comprises 19 freehold office buildings and two freehold industrial buildings.
The campus is located adjacent to downtown Redmond and has easy access to major transit routes including State Route 520 and Interstate 405, as well as key commercial areas in Seattle-Bellevue. The property underwent extensive capital improvements in 2016, which included the conversion of under-utilised space to an amenities centre, landscape renovation and exterior refurbishment. Recent improvements include a modernised tenant lounge, new conference facilities and a fitness centre. The successful repositioning of the property has resulted in strong leasing traction among technology and professional services companies.
(1) Refers to average submarket office rent.
Source: CoStar Office Report, July 2020.