 |
| Logan Greer |
SEATTLE,
WA – JLL Capital Markets announced has closed
the sale of 9805 Willows, an 80,980-square-foot, creative office asset in
Redmond, Washington.
JLL worked on behalf of the seller, a joint venture between
Graymark Capital and Blue Vista Capital Management, and procured the buyer,
Invesco Real Estate.
 |
| Gerry Rohm |
Redmond, along with the Eastside in general, has remained resilient throughout the pandemic and boasts a Class A office vacancy rate of 2.6% as of the end of third quarter 2020.
“The Redmond market has performed exceptionally well throughout a tough year for most major markets,” said JLL Senior Director Logan Greer.
“The
Eastside submarkets are outpacing the Seattle CBD for the first time in
history—the Eastside has captured 76% of the region’s total leasing volume YTD,
and our clients are taking note.”
9805
Willows was originally built in 1998 and currently undergoing an extensive
renovation. The creative office asset features 14’ ceiling heights.
The
JLL Capital Markets team was led by Greer, Senior Managing Directors Gerry
Rohm and Michael Leggett and Associate Kaden Eichmeier.
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
 |
| Michael Leggett |
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.
About Graymark Capital
Graymark Capital is an industry-leading
commercial real estate firm, headquartered in San Francisco, California.
Graymark
invests in institutional quality office, R&D, Life Sciences and industrial
properties in the Western U.S. that appeal to today’s modern tenants.
Since
2012, Graymark has purchased 25 office, R&D, Life Sciences, and industrial
properties comprising over 2.7 million square feet and over $1.1 billion of
value.
 |
| Kaden Eichmeier |
About Blue Vista Capital Partners
Blue Vista is a Chicago-based leading real
estate investment firm dedicated to developing long-term relationships, serving
investor interests and delivering consistent performance through a rigorous
academic and research-driven investment process.
Blue
Vista’s value-creating platform offers a national footprint in the U.S. and
Canada, local operating expertise, and best-in-class investment strategies
focused exclusively on student housing, middle market real estate and lending.
Since the firm’s inception in 2002,
Blue
Vista has invested over $10.5 billion in total capitalized value through
institutional real estate vehicles.
CONTACT:
Contact: Kristen
Murphy
JLL
Senior Manager
Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com
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