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Colliers Brokers Sale of Long-Held Office, Flex Building in Bothell
Colliers brokered the sale of the Wright Group Building, a 59,830-square-foot office and flex property located at 19201 120th Ave NE in the North Creek business park.
Colliers’ Vice President David Gunther represented the seller, RH Wright L.L.C. The property was acquired by Gracestone Partners LLC for $10.195 million. The building includes approximately 25,000 square feet of office space supported by flex and warehouse elements. Features include more than 20 feet of clear height, two dock-high doors, eight grade-level doors and 1,000 amps of power.
At the time of sale, the building was partially occupied by a mix of office and service-oriented tenants, including Trane Technologies, Element Materials Technologies, ISEC Construction, Taekwondo Way, Bioensis and Barry Glenn State Farm.
The property had been held by a longtime Mercer Island investor since 2001. Following the investor’s passing in 2021, the family elected to sell the asset. The buyer group includes local investors who plan to occupy a portion of the office space and establish a long-term presence within the North Creek area.
