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August 9, 2022
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Washington Office Building Trades for $93.5 Mil


A 160.5k sf office building in Federal Way, WA was sold by DaVita Inc, a global healthcare provider, which executed a long-term net lease for the entire facility at the time of sale. The property, 3201 South 323rd St, was acquired by an entity of Atlanta, GA-based Truist Securities for $93.5 mil.

The property completed construction in 2021 and serves as DaVita’s primary revenue operations office staffing roughly 800 employees. The mission-critical facility is located approximately 20 minutes south of SeaTac International Airport and is situated on more than 11.2 acres. The project served to consolidate operations from around the region under one roof and was designed to be expanded by 40k sf at the option of the occupant in the future.

Scott Briggs with the Stan Johnson Company represented DaVita in the transaction.

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