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2/20/15
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Hines latest investment move was the purchase of Civica Office Commons, a 323.6k sf office portfolio in Bellevue, WA. Developed in 2001, Civica consists of a two-building portfolio connected by a common atrium.
The Class A buildings are six and eight stories in height. On-site amenities include a concierge, Seastar restaurant, Starbucks, a Wells Fargo bank branch, hotel-style valet parking, a fitness center with lockers and towel service, and state-of-the-art conference facilities.
The portfolio is 89.9 percent leased to a number of world-class tenants, including: Cornerstone Advisors; MetLife; Microsoft; Morgan Stanley; Waggener Edstrom; and Wells Fargo Bank, NA.
Hines Senior Managing Director Ty Bennion noted, "The Bellevue submarket continues to be the region's strongest submarket. With its wealth of amenities, high-quality building materials and beautifully landscaped grounds, Civica is one of the top office assets in Bellevue."
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