Providence Sells 484,039 SF Office Portfolio in Renton, Washington to Seattle Children’s Hospital for $84M

RENTON, WASH. — Providence has completed the disposition of the two-building Southgate Campus and four-building Valley Office Park in Renton. Seattle Children’s Hospital acquired the assets for a total of $84 million.

Totaling 484,039 square feet, the portfolio includes:

• Southgate I, a 114,186-square-foot building at 2201 Lind Ave. SW
• Southgate II, a 160,853-square-foot property at 2001 Lind Ave. SW
• Valley Office Park, a 209,000-square-foot asset at 1801 Lind Ave. SW

Valley Office Park is the current local headquarters of Providence and includes a Pacific Medical Group multi-specialty clinic.

Garth Hogan, Kevin Shannon and Cavan O’Keefe of Newmark represented the seller in the transaction.