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.