Peregrine Realty Partners Buys 205,554 SF Industrial Property in Seattle for $36.5M

SEATTLE — Peregrine Realty Partners has purchased North Creek Parkway Center, a 205,554-square-foot flex industrial/office park in the North Creek submarket east of Seattle, for $36.5 million. The six-building center is located at 11804-18916 North Creek Parkway.

Almost half of North Creek Parkway Center’s tenants have leased space in the park for 10 plus years, including anchor Alder Biopharmaceuticals.

HFF represented both the buyer and seller, an affiliate of KBS Capital Advisors, in this transaction.