Transwestern Investment Group (TIG) has announced the sale of Redmond Hilltop, a 179,000-square-foot office complex in Redmond, WA. The three-building property is fully leased on a long term basis to a single tenant. Terms of the deal and the buyer were not disclosed. Eastdil Secured represented TIG in the deal.
Located at 6464 185th Avenue NE, the asset sits on 8.4 acres near lake Sammamish, in a region that is home to several tech, aerospace and manufacturing companies. The property enjoys easy access to SR-520, the future SE Redmond light rail station and Redmond Town Center, a mixed-use urban village.
“Redmond’s attractive market fundamentals and remarkable growth across a broad swath of dynamic industries make the submarket one of the most desirable in the nation for both owners and occupiers of commercial real estate,” said TIG’s Clarke Crenshaw. “Despite our current market volatility, we are pleased to once again deliver a favorable return for our investors.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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