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COLE R. E. INVESTMENTS BUYS SEATTLE-AREA OFFICE TOWER FOR $310 MILLION

Posted on by in Office, Western

BELLEVUE, WASH. — Cole Real Estate Investments has acquired the 583,179-square-foot City Center Plaza, a Class A office tower in Bellevue, for $310 million. Ninety-six percent leased to Microsoft through 2024, City Center Plaza is situated at the entrance to the Bellevue central business district and adjacent to the Bellevue Transit Center. Eastdil Secured’s Jeffrey Weber, Stephen Van Dusen and Jason Flynn represented the seller, Beacon Capital Partners, in the all-cash transaction; Cole was represented in-house by Kim Kundrak and Boyd Messmann. Constructed in 2008 and home to Microsoft’s Bing division, the office tower is LEED Gold certified.

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