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Shorenstein Completes Two Transactions in Bellevue’s Spring District
Shorenstein Investment Advisers has completed two consecutive transactions involving Blocks 5, 6 and 13 within The Spring District, a mixed-use development in Bellevue, Washington.
Funds affiliated with Blackstone Real Estate acquired a joint-control interest in Blocks 5 and 6 from Shorenstein. Drawbridge Realty, a KKR partner, acquired Block 13 from Shorenstein and Wright Runstad & Company. The properties were each developed as build-to-suit office buildings for Meta, and terms of the transactions were not disclosed.
Blocks 5 and 6 consist of two, 11-story, trophy office buildings that total 670,000 square feet. While both buildings are leased long-term to Meta, the entirety of Block 6 was recently subleased to Snowflake, which moved into the building in May 2025. Block 13 is a nine-story, trophy office building that totals 200,000 square feet.
The neighborhood will continue to grow with additional land for over one million square feet of mixed-use development. Shorenstein and Wright Runstad co-developed The Spring District, which was conceptualized in 2007.
