August 9, 2018 Comments Off on 27-Acre Redmond, WA Campus Sold for $136M Views: 2728 National News, Washington, West

27-Acre Redmond, WA Campus Sold for $136M

Willow Creek Corporate Center, a seven-building, Class A office park in the thriving tech submarket of Redmond, WA, has traded hands for a reported $136 million. Los Angeles-based Preylock Real Estate Holdings acquired the 421,785-square-foot asset from BRE WA Office Owner LLC, an entity affiliated with New York-based Blackstone Group’s EQ Office.

The 27-acre campus is fully leased and located in the supply-constrained North Redmond submarket of Seattle, just minutes from Microsoft’s world headquarters.

HFF’s Michael Leggett, Dave Otis Logan Greer and Kevin Freels represented the seller, and procured the buyer.

Blackstone had acquired the asset in July 2015 from Arden Realty for $208 million, as part of a portfolio of 20 Eastside properties.

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