{"id":1004215968,"date":"2018-04-03T07:46:05","date_gmt":"2018-04-03T15:46:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004215968"},"modified":"2022-12-07T23:45:32","modified_gmt":"2022-12-08T07:45:32","slug":"swift-real-estate-sells-wa-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/swift-real-estate-sells-wa-office-asset\/","title":{"rendered":"Swift Real Estate Sells WA Office Asset"},"content":{"rendered":"
\"\"<\/a>

Swift Gateway,915 118th Ave. SE, Bellevue, Wash.<\/p><\/div>\n

Nicola Wealth Management Ltd.’s subsidiary Nicola Crosby has acquired Swift Gateway, an office building in Bellevue, Wash., for $25.5 million. Kidder Mathews represented the seller, Swift Real Estate Partners<\/a>, in the transaction.\u00a0The sale was subject to a $14.5 million loan held by Principal Financial Group, according to Yardi Matrix.<\/p>\n

Located at 915 118th Ave. SE, the Class A property comprises 68,290 square feet across three stories. Constructed in 1988, the asset was fully renovated in 2016, when Swift Real Estate Partners purchased the building from Walton Street Capital for $18.3 million, according to Yardi Matrix. Swift Gateway offers 220 parking spaces, Wi-Fi, two passenger elevators and an on-site conference room. The property is within close proximity to interstates 405 and 90, as well as within\u00a0walking distance to the South Bellevue Park and Ride.<\/p>\n

Joe Lynch and Andy Miller of Kidder Mathews facilitated the deal.\u00a0“The deal indicates that suburban office product is continuing to attract a significant amount of investment interest due to strong fundamentals in the market and the higher yields compared to the central business districts,”<\/em> said Lynch, in a prepared statement.<\/p>\n

Image courtesy of Kidder Mathews\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Kidder Mathews represented the seller in its disposition of the 68,290-square-foot Swift Gateway, a Class A property in Bellevue. <\/p>\n","protected":false},"author":746,"featured_media":1004215995,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1610,15],"tags":[33612,37366,37405,34208],"class_list":["post-1004215968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-seattle","category-west","tag-kidder-mathews","tag-nicola-crosby-real-estate","tag-principal-financial-group","tag-swift-real-estate-partners"],"acf":[],"yoast_head":"\nSwift Real Estate Sells WA Office Asset - 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\/swift-real-estate-sells-wa-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swift Real Estate Sells WA Office Asset\" \/>\n<meta property=\"og:description\" content=\"Kidder Mathews represented the seller in its disposition of the 68,290-square-foot Swift Gateway, a Class A property in Bellevue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/swift-real-estate-sells-wa-office-asset\/\" \/>\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=\"2018-04-03T15:46:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T07:45:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/04\/2018-03-28-swift-gateway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\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\/swift-real-estate-sells-wa-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/swift-real-estate-sells-wa-office-asset\/\",\"name\":\"Swift Real Estate Sells WA Office Asset - 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