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
- ◦Sale/Acquisition