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9/29/21
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New Rock Acquisition LLC has purchased Lincoln Plaza, a 148.7k sf, multi-tenant office campus in Bellevue, WA. The price was not immediately disclosed.
Lincoln Plaza is a three-building campus situated on 9.1 acres at 11225, 11235 and 11245 SE Sixth St. It was 90% leased at the time of sale to approximately 20 tenants in the technology and professional services industries.
The property is immediately south of downtown Bellevue and a 20-minute drive from downtown Seattle. Lincoln Plaza is located next to the Bellevue Club and offers access to abundant retail amenities and restaurants, including those at The Bellevue Collection, as well as numerous parks and hotels.
CBRE’s Tom Pehl, Todd Tydlaska, Charles Safley, Lou Senini, Paige Morgan, along with Chais Lowell with CBRE Capital Markets, represented the seller, Des Moines, IA-based Principal Real Estate Investors LLC. Brad Zampa and Mike Walker are arranging acquisition financing on behalf of the buyer. CBRE’s Scott Davis and Tim Owens will continue to lease the property under new ownership.
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