The Westpark Portfolio

8200 - 8644 154th Avenue NE  |  Redmond, Washington

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.

Key Statistics

US$199.9M Valuation as of 31 December 2019
782,185 SF Net Lettable Area
92.7% Committed Occupancy as of 31 December 2019
7.4% Previous 12 Month Rental Growth(1)
5.9% Projected Rental Growth(1)
Freehold Land Tenure

(1) Refers to average submarket office rent.

Source: CoStar Office Report, as of 10 January 2020.