The Westpark Portfolio

8200 - 8644 154th Avenue NE  |  Redmond, Washington

Located adjacent to downtown Redmond, the campus enjoys easy access to major transit routes including State Route 520 and Interstate 405, as well as key commercial areas in the Bellevue, Seattle area. The property has an amenity centre that includes a modern tenant lounge, conference facilities and a fitness centre. Lobby refurbishment for two of the buildings were completed in 2021 and electric vehicle charging stations will also be added in 2022 to better serve tenants' needs. The successful repositioning of the property into a modern business campus has resulted in strong leasing traction among technology and professional services companies.

Key Statistics

US$224.0M Valuation as of 31 December 2021
782,185 SF Net Lettable Area
95.30% Committed Occupancy as of 31 December 2021
1.6% Previous 12 Month Rental Growth(1)
1.6% Projected Rental Growth(1)
Freehold Land Tenure

(1) Refers to average submarket office rent.

Source: CoStar Office Report, December 2021.