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| Waterfront Place on Yarrow Bay, 5209 Lake Washington Boulevard Kirkland, WA |
SEATTLE, WA – JLL Capital Markets announced today that it has completed the off-market sale of Waterfront Place on Yarrow Bay, a 52,828-square-foot office building in Kirkland, Washington.
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| Logan Greer |
JLL represented the seller, a discretionary investment fund managed by American Realty Advisors, and partnered with the Broderick Group to procure the buyer.
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| Buzz Ellis |
Waterfront Place on Yarrow Bay is located at 5209 Lake Washington Boulevard approximately 10 miles northeast of downtown Seattle on the east side of Lake Washington.
The building is directly adjacent to the
Yarrow Bay Marina and Yarrow Bay and is convenient to Interstate 405 providing
north/south access throughout the area.
The property was 100% leased at closing to
Bluetooth SIG, Inc. among other tenants.
The JLL
team representing the seller was led by Senior Director Logan Greer,
Managing Director Buzz Ellis and Senior Managing Director Gerry Rohm
along with Managing Director Mark Flippo and Senior Vice President Sam
Ziemba.
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| Gerry Rohm |
“Office investor interest remains strong for the Seattle market given the long-term strength of the underlying market fundamentals – the booming tech market, intellectual capital and low cost of living when compared to other major West Coast markets,” Greer said.
JLL Capital Markets is a full-service global
provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales advisory, debt placement, equity placement or a
recapitalization.
The firm has more than 3,700 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on
JLL, please visit our newsroom.
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| Mark Flippo |
American Realty Advisors (“ARA”), headquartered in Los Angeles, CA, is a private equity real estate investment manager on behalf of institutional capital and invests in a commercial real estate portfolio with over $10 billion in assets under management.
Through a series of
offerings of core, core-plus, and value-add strategies which include equity,
debt, preferred equity, mezzanine and hybrid debt, ARA invests in a wide range
of opportunities in high-quality office, retail, industrial, multi-family, and
other property types throughout the United States.
About JLL Capital Markets
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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| Sam Ziemba |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets
specialists worldwide with offices in nearly 50 countries.
CONTACT:
Kristen Murphy
JLL Senior Manager
Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com
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