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Intracorp Acquires Adaptive-Reuse Office in Bellevue’s Eastgate for $18M
Cushman & Wakefield announced the firm arranged the sale of a 60,423-square-foot office building on a ±3.66-acre parcel in Bellevue, Washington. Located at 3190 160th Avenue SE, adjacent to Interstate 90 on and off ramps, the property is the city’s Eastgate neighborhood.
It was constructed in 1982 and previously leased to the Washington Department of Ecology for several decades, but the site was fully vacant at the time of sale. The property was acquired for $18 million by Intracorp, an experienced homebuilder with nearby offices in Seattle and Vancouver, along with its equity partner, HAL Real Estate.
Pat Mutzel with Cushman & Wakefield’s Private Capital Group in Puget Sound, in collaboration with Jeffrey Cole, Jeff Chiate, Bryce Aberg, Mike Adey, Nico Napolitano and Zach Harman of the firm’s West Coast Capital Markets Group, represented the seller, a private, high net worth investment group, in the transaction.
