November 10, 2017
Transwestern Investment Management, in partnership with Diversified International Partners, acquired Redmond Hilltop, a 178,769-square-foot office property in Redmond, WA, from Equity Office for a reported $39.3 million. The three-building property is fully leased, and anchored by Genie, a Terex company, which occupies 61% of the property.
Located at 6464 185th Ave. NE, the asset is adjacent to the Redmond Technology Center, which was acquired by the same entity in 2016.
Transwestern Investment Group’s John Higgins says, “Redmond Hilltop presented a compelling investment opportunity due to its stable cash flow and upside potential through expansion opportunities with the adjacent Redmond Technology Center.”
HFF’s Michael Leggett, David Otis and Kevin Freels brokered the transaction on behalf of the seller.
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