January 7, 2020
Seattle-based Urban Renaissance Group LLC (URG) and Miller Global Properties sold the 297,508-square-foot Lincoln Executive Center (LEC) in Bellevue, WA to PCCP, LLC and URG. Located at 3380 146th Place S.E., along the I-90 corridor, the six-building, 14-acre campus was constructed in 1984 and includes three mid-rise and two single-story Class A office buildings, as well as a new stand-alone amenity building.
URG’s Patrick Callahan says, “We’ve long believed Cascade Yard is a great asset in a great location that is attractive to today’s technology-oriented office worker. We’re also very pleased to be reinvesting in this asset with PCCP, and they are the right partner for our next round of improvements for the project.”
URG will recapitalize and invest in the 96%-leased property with PCCP. The new ownership team changed the campus name to Cascade Yard. They also anticipate exploring a Master Development Plan with the city to add additional office space.
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