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7/29/16
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Hayman Advisors has acquired Redmond Woods, a 145.2k sf office complex anchored by Microsoft in Redmond, WA. The property was sold by NY-based Clarion Partners for $37 mil ($255/sf).
Redmond Woods is located at 5000, 5010 and 5020 148th Avenue NE, on the northwest side of Hwy 520, about 15 miles northeast of downtown Seattle. It consists of three buildings that are fully occupied by seven tenants including Microsoft Corporation. Other tenants include Nokia and Mindtree. The property is also adjacent to Microsoft’s world headquarters.
Kevin Shannon and Michael Moll with NGKF Capital Markets, along with Lou Senini and Tom Pehl of CBRE, repped the seller in the transaction.
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