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| The Plaza at North Creek Office Campus, Bothell, WA |
(Photo by Red
Studio Inc.)
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| Nick Kucha |
PORTLAND, OR, July 17,
2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of The Plaza at North Creek,
a flagship office campus totaling 194,074 square feet in the suburban Seattle
community of Bothell, Washington.
HFF marketed the property
on behalf of the seller and procured the buyer, MRM Capital.
The Plaza at North Creek
comprises two three-story, Class A office buildings located at 18911 and 19015
North Creek Parkway in Bothell, a community about 13 miles northeast of
downtown Seattle.
This location, adjacent to
Interstate 405, is part of the Eastside’s life science industry hub, which is
home to more than 50 life science employers.
Key tenants at the 80.7 percent leased property include Allstate and
SNC-Lavalin.
The HFF investment sales
team representing the seller was led by senior managing director Nick Kucha and director Dave Otis.
“The Plaza at North
Creek’s superb Class A office space has allowed the park to consistently
outperform the Bothell submarket, maintaining a 10-year historical average
occupancy of 92 percent, 600 basis points higher than the Bothell submarket
historical average of 86 percent,” said Kucha.
“The Plaza at North Creek is THE destination for users seeking a Bothell
address.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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