{"id":1004111935,"date":"2015-01-26T07:16:09","date_gmt":"2015-01-26T15:16:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004111935"},"modified":"2020-05-18T11:58:25","modified_gmt":"2020-05-18T19:58:25","slug":"vulcan-trades-prominent-washington-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vulcan-trades-prominent-washington-office-complex\/","title":{"rendered":"Vulcan Trades Prominent Washington State Office Complex"},"content":{"rendered":"<p><i>By Keith Loria, Contributing Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/vulcan.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004111940\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/vulcan-trades-prominent-washington-office-complex\/vulcan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/vulcan.jpg\" data-orig-size=\"178,178\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"vulcan\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/vulcan.jpg?w=178\" class=\"alignright size-full wp-image-1004111940\" alt=\"vulcan\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/vulcan.jpg\" width=\"178\" height=\"178\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/vulcan.jpg 178w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/01\/vulcan.jpg?resize=150,150 150w\" sizes=\"auto, (max-width: 178px) 100vw, 178px\" \/><\/a><\/i><\/p>\n<p>Vulcan Real Estate has sold the Sammamish Park Place office complex, a 20-acre property consisting of three 5- and 6-story office buildings, in Issaquah, Wash., to Talon Private Capital for $128.25 million.<\/p>\n<p>The property also includes 2,122 stalls of structured parking.<\/p>\n<p>\u201cSammamish Park Place has been an excellent investment for us with strong-credit tenants and good cash flow,\u201d Ada Healey, Vulcan\u2019s vice president of real estate, said in a company release. \u201cAs we rebalance our portfolio, we are raising capital for new investment opportunities around the region.\u201d<\/p>\n<p>The office park is currently 100 percent leased to Microsoft and Costco Wholesale Corp. The latter took 176,000 square feet of office space in August 2014, marking the global retailer\u2019s corporate expansion.<\/p>\n<p>The office campus is prominently located along Interstate 90, which is known as one of the most upscale and desirable locations within the Eastside market of the Seattle metropolitan area.<\/p>\n<p>According to Healey, Vulcan will invest the funds from the sale toward continued development efforts as well as new land and value-add investments.<\/p>\n<p>Vulcan currently has 888,000 square feet of commercial space under construction for <a href=\"https:\/\/amazon.com\/\" rel=\"nofollow\">Amazon.com<\/a> and the Allen Institute for Brain Science and several more projects in pre-development planning. The company is also in pre-development planning for three sites at Yesler Terrace in Seattle where it will build approximately 650 residential units.<\/p>\n<p>Eastdil Secured, L.L.C., handled the transaction with a team led by Jason Flynn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To raise capital for new investment, Vulcan Real Estate has sold a 20-acre property with strong credit tenants such as Microsoft and Costco Wholesale to Talon Private Capital for a nice chunk of change.<\/p>\n","protected":false},"author":451,"featured_media":1004111940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,15],"tags":[],"class_list":["post-1004111935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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