February 18, 2020 Comments Off on Equity Commonwealth Selling Bellevue Tower for $402M Views: 879 Seattle & Pacific Northwest News, Seattle News, Top Seattle

Equity Commonwealth Selling Bellevue Tower for $402M

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Chicago-based Equity Commonwealth is selling Tower 333, a 435,000-square-foot office property in Bellevue, to an undisclosed buyer for a gross sale price of $401.5 million. The REIT, which disclosed the pending deal in its quarterly and 2019 yearly financial results reporting, expects proceeds to be roughly $317 million.

The 20-story, Class A office tower is fully leased to Amazon.com Inc., which plans to move in this year. Built in 2008, the asset is centrally located at 333 108th Ave. NE, in Bellevue’s CBD. The property features a modern glass exterior curtain wall and offers a half-acre outdoor plaza, an eight-level below grade parking garage and is LEED and Energy Star certified.

The transaction is expected to close by March 12, 2020.

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