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October 6, 2020 Comments Off on Swift Buys Value-Add Bellevue Building for $72M Views: 550 Seattle & Pacific Northwest News, Seattle News, Top Seattle

Swift Buys Value-Add Bellevue Building for $72M

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San Francisco-based Swift Real Estate Partners acquired the Columbia West Building, an eight-story office asset in Bellevue from Columbia West Properties Inc. for $72 million. The roughly 150,000-square-foot CBD building is located at 155 108th Ave. N.E.

Swift’s Tom Harris says, “Columbia West presented a unique opportunity to acquire a value-add mid-rise office building in the heart of downtown Bellevue. It is a 66% leased building in a 95%+ leased submarket.”

Swift plans to rebrand the asset and enhance the space with natural finishes to update the building to a more modern aesthetic. The firm will also enhance the asset by offering tenants more interior and exterior amenity space including a tenant lounge on the main floor.

The deal is Swift’s fifth acquisition for Fund III, and it boosts Swift’s Eastside portfolio to nine assets.

NKF’s Joe Lynch represented the buyer in the deal.

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*Image courtesy of Columbia West Properties

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