Washington

REDMOND, WASH. — KBS, on behalf of a sovereign partner, has purchased the Offices at Riverpark, a Class A office building located in downtown Redmond. A Boston-based investment firm sold the asset for $48.1 million. Built in 2008, the five-story Offices at Riverpark features 106,281 square feet of Class A office space, covered parking, an on-site hotel and mixed-use space for office, residential and retail tenants. At the time of sale, a mix of healthcare, technology, insurance and finance companies fully occupied the property. Kevin Shannon, Nick Kucha, Ken White, Michael Moll and Bill DeLacy of Newmark Knight Frank (NKF) represented the seller. Tim O’Keefe and Mike Schreck, also of NKF, were the marketing leasing professionals for the transaction.

SEATTLE — Unico Properties, a subsidiary of Unico Investment Group, has purchased Washington Park Building, a historic building located in Seattle’s Pioneer Square submarket. Terms of the sale were not disclosed. The four-story Washington Park Building features 36,000 square feet of office space, with 83 percent leased to a number of small tenants. Originally constructed in 1890, the building was built for the Lowman & Hanford Stationery and Printing Co. for its printing and bindery operations. The building features 16-foot to 18-foot ceilings, as well as the original Carnegie steel beams. MaKensay Real Estate Services will continue to operate and manage the building on behalf of the ownership group. The acquisition marks Unico’s seventh investment along Seattle’s waterfront since 2014. With the addition of Washington Park Building, the company now owns and manages more than 840,000 square feet along the waterfront.