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Investcorp Sells Seattle-Area Tech Campus for $34M
Equus Capital Partners acquired Highlands Campus Tech Centre, a 201,766-square-foot mixed-use development in Bothell, WA, from Investcorp for $33.55 million. The campus includes two flex/R&D buildings and one office building.
Bothell, a suburb north of Seattle, has experienced exceptional growth, largely due to the explosive success of Seattle and Bellevue. The submarket offers an attractive discount to the largest cities in the metro.
“The demand for flex product in the Puget Sound has been the key driver for leasing velocity in Bothell and the subsequent lift in investment sales liquidity,” said NKF’s Kevin Shannon, who along with the firm’s Nick Kucha, Ken White, Michael Moll, and Bill DeLacy represented the seller.
Highlands Campus is located at 21520 30th Dr. SE, 21312 30th Dr. SE and 21222 30th Dr. SE.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
