The Roxborough Group, LLC acquired Quadrant Willows, a four-building, 248,041-square-foot, Class A office portfolio in Redmond, WA from Equus Capital Partners, Ltd. for a reported $73.6 million. The assets are located at 11121,11241,11261, and 11351 Willows Rd., near the epicenter of Seattle’s tech-dominated Redmond submarket.
Equus acquired the project on behalf of Equus Investment Partnership X, L.P., a fully discretionary fund managed by Equus, in two separate transactions in March and December of 2016. The portfolio was 100% leased at the time of sale, and the new owner expects to benefit from in-place rents that are significantly below market, as well as the desire of some tenants who have outgrown their current suites to give back space in a tight Redmond leasing environment with limited new construction.
NKF’s Kevin Shannon, Nick Kucha, Ken White, Michael Moll, James Childress, Joe Lynch and Dan Harden represented the seller. The buyer was self-represented.
“Selling a building of this size, quality, and tenancy is rare in a market like Willows Road, one of the nation’s top performing suburban micro markets,” said Kucha.
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.