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KKR Buys Amazon-Leased Tower from Equity Commonwealth for Nearly $402M
New York-based KKR & Co. Inc. completed the acquisition of Tower 333, a 435,000-square-foot office property in Bellevue. Chicago-based Equity Commonwealth divested the 20-story asset.
The Class A office tower is fully leased to Amazon.com Inc., which plans to move in this year. Built in 2008, the asset is centrally located at 333 108th Ave. NE in Bellevue’s CBD. The property features a modern glass exterior curtain wall and offers a half-acre outdoor plaza, an eight-level below grade parking garage and is LEED and Energy Star certified.
Proceeds Equity Commonwealth realized after credits, primarily for contractual lease costs, and transfer taxes were $316.7 million. The deal boosted the REIT’s cash balance to $3.4 billion.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

