Nicola Crosby, a real estate asset management subsidiary of Vancouver-based Nicola Wealth Management Ltd, purchased Swift Gateway, a 68,290-square-foot office building in Bellevue, WA for $25.5 million. The seller was San Francisco-based Swift Real Estate Partners.
The three-story, Class A office building was fully renovated in 2016. The property is located at 915 118th Ave. SE, southeast of downtown Bellevue. It offers immediate access to Interstate 405 and Interstate 90, and is within walking distance to the South Bellevue Park and Ride.
Kidder Mathews’ Joe Lynch and Andy Miller facilitated the transaction between the two firms.
Lynch says, “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.”
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.