Thursday, January 28, 2016

HFF closes $26.5 million sale of three-building office campus near Seattle, WA

Creeksides at Centerpoint, Kent, WA

PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $26.5 million sale of Creeksides at Centerpoint, a three-building suburban office campus totaling 218,650 square feet in the Seattle suburb of Kent, Washington.

HFF coordinated the transaction of Creeksides at Centerpoint. The seller was Unico Properties LLC, and Menashe Properties purchased the asset.  

Nick Kucha
Creeksides at Centerpoint is situated on 12.632 acres at 20415 72nd Avenue S in Kent, a Washington community approximately 21 miles southeast of Seattle and 19 miles northeast of Tacoma. 

There are Metro stops adjacent to the complex, which provide direct access to Kent Station, and the convergence of Interstates 405 and 5 is less than four miles north of the property.

 The three-building campus surrounds a centralized circular driveway with green space and a water feature in its center, and amenities include a board room, child care center, bakery and restaurant, fitness center and a walking/running trail. 

The office complex is 90 percent leased to a diversified rent roll of local, regional, national and government tenants, including Iron Bow Technologies; Washington State DSHS; Washington State Department of Health; Naverus, Inc. and Wells Fargo.

HFF’s investment sales team was led by senior managing director Nick Kucha, who covers the Pacific Northwest markets.

 For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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