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Newmark Brokers Sale of Bellevue’s Block 13 Tower
Newmark has arranged the sale of Block 13, a state-of-the-art, Class A office tower in the heart of Bellevue’s Spring District.
The buyer was Drawbridge Realty, which partnered with KKR/Global Atlantic. The nine-story, 212,128-square-foot property, delivered in 2024, is 100% leased to Meta.
Newmark Co-Head of U.S. Capital Markets Kevin Shannon, Executive Vice Chairman and Head of Newmark’s International Capital Markets Group, Alex Foshay, Vice Chairman, Nick Kucha, Michael Moll and Ken White, Managing Director, Liam Ogburn and Director Jakob Nicholls represented the seller, a partnership between Shorenstein and Wright Runstad & Company.
Newmark Co-President of Global Debt & Structured Finance Jonathan Firestone, Vice Chairman Blake Thompson and Director Henry Cassiday led market acquisition financing alternatives throughout the sales process. Jaden Rosselli, Vice President of Acquisitions at Drawbridge Realty, led the buyer’s self-represented team in negotiations.
The Spring District encompasses nearly 800 apartment units, over 1.9 million square feet of office and retail space and approximately two million square feet of planned mixed-use development.
