PCCP, SteelWave Acquire 632,591 SF Multi-Tenant Office/Flex Park in Metro Seattle
BOTHELL, WASH. — A joint venture between PCCP and SteelWave has purchased Canyon Park Business Center, a 17-building office/flex property located in Bothell, an eastern suburb of Seattle. A venture between SteelWave and Colony NorthStar sold the office park for an undisclosed price.
Totaling 632,591 square feet, the campus features 13 Class A flex/office buildings, totaling 450,961 square feet, and four Class A life science lab and data center buildings, totaling 181,630 square feet. At the time of sale, the portfolio was 99 percent occupied.
Canyon Park Business Center was built between 1985 and 1997.
Kevin Shannon, Nick Kucha, Ken White, Michael Moll, James Childress and Bill DeLacy of Newmark Knight Frank represented the sellers, while the buyers were self-represented in the deal.