Westpark Portfolio

8200 - 8644 154th Ave NE, Redmond, WA 98052

Property Overview

The Westpark Portfolio consists of 21 suburban office/flex/ industrial buildings, totaling 778,472 square feet over 41 acres. Located adjacent to downtown Redmond, Washington, the Westpark Portfolio is well situated for tenants’ needs and provides access to the area’s numerous amenities. The Westpark Portfolio includes three subsets of buildings: Westpark Business Park, which encompasses 14 two-story office buildings totaling 580,104 square feet; Redmond Center Court, which encompasses two industrial buildings totaling 77,492 square feet, and Pacific Business and Technology Center, which encompasses five flex buildings totaling 120,876 square feet.

The property is situated on beautiful grounds in a park-like setting with easy access to SR-520/I-405 and in close proximity to Redmond Town Center and Microsoft World Headquarters. Westpark Business Park is located minutes from downtown Redmond, Marymoor Park, and Redmond Town Center. Positioned on easy transit routes and less than one-half mile away from the Redmond Transit Center.

Investment at a Glance

Location: Redmond, WA

Property Type: Equity Acquisition

Acquisition Date: May 10, 2016

Purchase Price: $128,000,000

No. of Properties: 3

No. of Buildings: 21

$128,000,000 Total Purchase Price
778,472 square feet Total Rentable Area
Class A Building Class