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Seattle & Northwest  + Washington  + Office  | 

JLL Completes $71M Sale of Seattle Asset

Redstone Corporate Center I and II, a two-building, 329,964-square-foot office property in Seattle’s Lynnwood and Mountlake Terrace communities, have traded hands. Westport Capital Partners purchased the project for $70.8 million from Talon Private Capital and PCCP.

The office buildings are situated along Interstate 5, at 19020 33rd Ave. West and 6100 219th St. SW, and provide convenient access to downtown Seattle and Bellevue. The assets are among the highest quality office buildings in the north end of the Seattle metro, with unique architectural design, balconies, numerous corner offices and stunning views of the nearby Cascade and Olympic mountains.

JLL’s Lori Hill and Stuart Williams handled the transaction.

Hill says, “The northern tip of Seattle’s urban sprawl is a hotbed of activity, a preferred location for employers and tenants, and benefits from being more cost-effective than the Seattle and Bellevue cores.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition