{"id":1004141417,"date":"2016-04-08T00:05:48","date_gmt":"2016-04-08T08:05:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004141417"},"modified":"2020-05-11T21:20:44","modified_gmt":"2020-05-12T05:20:44","slug":"seattle-office-campus-commands-155-3m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/seattle-office-campus-commands-155-3m\/","title":{"rendered":"Seattle Office Campus Commands $155.3M"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/p>\n

\"Sunset<\/a>

Sunset North, Bellevue, Wash.<\/p><\/div>\n

Seattle<\/strong>\u2014M-M Properties<\/a> and a large institutional investor have acquired Sunset North, a three-building, 464,000-square-foot Class A office campus in Bellevue, Wash., from a fund managed by Beacon Capital Partners<\/a>, for $155.3 million.<\/p>\n

CBRE<\/a>\u2019s Institutional Properties team represented the seller in the transaction.<\/p>\n

\u201cIt\u2019s located in Bellevue\u2019s I-90 corridor, one of the strongest economies in the county, with great demand drivers, particularly from the technology sector,\u201d Tom Pehl, CBRE Capital Markets senior vice president of institutional properties, told Commercial Property Executive<\/a>. \u201cIt\u2019s a very high-quality property, among the best in the submarket, and is located next to transit.\u201d<\/p>\n

Originally completed in 2000, Sunset North includes an on-site fitness center and carryout restaurant and a plaza with native plantings, outdoor walkways and seating areas that take full advantage of the area’s natural beauty. The complex is also LEED Silver-certified by the U.S. Green Building Council.<\/p>\n

At the time of the transaction, Sunset North was 99 percent leased, anchored by The Boeing Co. <\/a><\/p>\n

\u201cWe are excited to add Sunset North to our expanding institutional investment portfolio,\u201d Ken Moczulski, M-M Properties CEO, said in a prepared statement. \u201cFollowing our October 2015 acquisition of the Sawgrass Centre office portfolio in Fort Lauderdale, the acquisition of Sunset North continues our geographic diversification into high-quality institutional assets.\u201d<\/p>\n

According to Pehl, the complex\u2019s unobstructed views of the downtown Seattle skyline and Olympic Mountains and easy access to downtown Bellevue and downtown Seattle have attracted an impressive mix of tenants, including Boeing.<\/p>\n

Joining Pehl on the deal were Lou Senini, Kevin Shannon, Ken White and Michael Moll. Paul Sweeney and Jason Furr of Broderick Group assisted as well.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

M-M Properties has acquired a three-building office campus anchored by Boeing in Bellevue, Wash., for $155 million.<\/p>\n","protected":false},"author":451,"featured_media":1004141419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,21742,21747,1610,15],"tags":[],"class_list":["post-1004141417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-latest","category-office","category-seattle","category-west"],"acf":[],"yoast_head":"\nSeattle Office Campus Commands $155.3M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/seattle-office-campus-commands-155-3m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seattle Office Campus Commands $155.3M\" \/>\n<meta property=\"og:description\" content=\"M-M Properties has acquired a three-building office campus anchored by Boeing in Bellevue, Wash., for $155 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/seattle-office-campus-commands-155-3m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-08T08:05:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T05:20:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/sunsetnorth.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1328\" \/>\n\t<meta property=\"og:image:height\" content=\"743\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-campus-commands-155-3m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/seattle-office-campus-commands-155-3m\/\",\"name\":\"Seattle Office Campus Commands $155.3M - 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