Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
11-Acre MXU Development Site Goes for $145M in Bellevue, WA
The Bellevue Central Business District Gateway Development site, an 11.13-acre land parcel envisioned for development of a trophy, mixed-use project in Bellevue, WA, has been sold for $145 million. The site is a critical mass of land comprised of five separate parcels with development potential in excess of 2.5 million square feet.
NKF Capital Markets’ Kevin Shannon, Ken White, Tim O’Keefe, Marty Leith, Paul Sleeth, Billy Sleeth, Nick Kucha and Michael Moll represented the seller, Fortin Group. The buyer, Canada-based Pinnacle International, was self-represented.
“This site offers the buyer a generational development opportunity with rare scale in a top coastal market,” said Shannon. “The momentum in the Bellevue CBD and the Puget Sound Region is fantastic.”
Locations are 10116 NE 8th St., 10112 NE 10th St., 1111 102nd Ave. NE, and 1036 to 1044 100th Ave. NE. Currently, the site includes a retail center, an office building, an apartment property, a vacant lot and a single family home.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition
