Seattle, Wash. (February 2, 2017) – SteelWave, a full-service commercial real estate management and operating company, has sold Evergreen Office Park in Bellevue, Washington for $21,450,000 to Pacific Coast Capital Partners, a real estate investment management company. Kidder Mathews commercial real estate brokers, Andy Miller, Joe Lynch, and Dan Harden, represented SteelWave in the transaction.
Evergreen Office Park consists of two office buildings located at 10940 & 11000 NE 33rd Place in Bellevue, Washington, conveniently close to SR 520, the main thoroughfare connecting the Eastside to Seattle.
Pacific Coast Capital Partners plans to make significant capital improvements to the common areas of the office park, including new tenant amenities.
“The office market fundamentals continue to be strong on the Eastside with job growth continuing at historical highs,” said Lynch. “There is still significant interest from institutional investors for well located suburban office buildings, where value can be created,” he said.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 600 real estate professionals and staff in 19 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $4.7 billion in transactions, manages 42 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.