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January 7, 2021 Comments Off on Invesco Adds Redmond Creative Office Asset to Portfolio Views: 416 Seattle & Pacific Northwest News, Seattle News

Invesco Adds Redmond Creative Office Asset to Portfolio

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Invesco Real Estate acquired 9805 Willows, an 80,980-square-foot, creative office asset in Redmond, reportedly for nearly $35.5 million. The seller was a joint venture between San Francisco-based Graymark Capital and Chicago-based Blue Vista Capital Management.

The single-tenant building was originally built in 1998 and currently is undergoing an extensive renovation. The creative office asset features 14-foot ceiling heights.

JLL Capital Markets’ Logan Greer, Gerry Rohm, Michael Leggett and Kaden Eichmeier represented the seller and procured the buyer.

Greer says, “The Redmond market has performed exceptionally well throughout a tough year for most major markets. The Eastside submarkets are outpacing the Seattle CBD for the first time in history—the Eastside has captured 76% of the region’s total leasing volume YTD, and our clients are taking note.”

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