DOCSLIB.ORG

Downtown Bellevue Parcels | for SALE 100 107TH AVE NE BELLEVUE, WA 98004 | $17,850,000

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Downtown Bellevue Parcels | for SALE 100 107TH AVE NE BELLEVUE, WA 98004 | $17,850,000 Development Opportunity Downtown Bellevue Parcels | FOR SALE 100 107TH AVE NE BELLEVUE, WA 98004 | $17,850,000 Located within 2.5 blocks of 8 new buildings that will contain over 4,923,000 sf of office space leased to Amazon. PROPERTY 100 107TH AVE NE SITE BELLEVUE, WA 98004 110TH AVENUE NE Situated between 108th Avenue and 107th Avenue NE off Main Street and NE 2nd Street. BELLEVUE WAY NE LOT SIZE 108TH AVE NE 23,790 SF NE 8TH STREET NE 4TH STREET 107TH AVE NE SITE PARCELS: 1047000025 - 7,931 SF 1047000090 - 7,931 SF 106 AVE NE 1047000085 - 7,928 SF NE 2ND STREET ASKING PRICE: $17,850,000 MAIN STREET STEPHEN J HANSEN [email protected] 425.455.0500 King County Development Opportunity JSH Properties Inc. is pleased to exclusively offer the site at 1047000090 1047000025 100 107TH AVE NE BELLEVUE, WA 98004 for sale. G The Property is located within 2.5 blocks of 8 new buildings that will contain over 1047000085 4,923,000 sf of office leased to Amazon. G This includes Vulcan’s planned West Main Development which is across the street to the west of the Property. West Main will include 1,036,000 sf of new office space in two towers, all of which is leased to Amazon. G Amazon plans to add 25,000 jobs to Bellevue by 2025. PARCEL: 1047000025 King County Assessor's Office, King County GIS Center, King County, K ing county Assessor's Office, King County GIS Center G The Property is located 2 blocks SW from the Bellevue Transit Center and 2 blocks west PRESENT USE: PARKING(COMMERCIAL LOT) The information included on this map has been compiled by King County staff from a variety of sources and is subject to change without notice. King County Date: 12/16/2020 of the East Main Street light rail station. makes no representations or warranties, express or implied, as to accuracy, completeness, timeliness, or rights tPROPERTYo the use of such info rNAME:mation. This d o cument is PARKING (DIST C) not intended for use as a survey product. King County shall not be liable for any general, special, indirect, incidental, or consequential damages including, but not limited to, lost revenues or lost profits resulting from the use or misuse of the information contained on this map. Any sale of this map or information on ± this map is prohibited except by written permission of King County. JURISDICTION: BELLEVUE LOT AREA: 7,931 SF THE PROPERTY: 100 107TH AVE NE 98004 (THREE PARCELS) PARCEL: 1047000090 ZONING Down Town Mixed Use - DT-MU with a maximum height of 308 feet, PRESENT USE: PARKING(COMMERCIAL LOT) including mechanical systems allowance of 20 feet. PROPERTY NAME: PARKING LOT (DIST C) JURISDICTION: BELLEVUE SITE 23,790 sf ADDRESS: 100 107TH AVE NE 98004 IMPROVEMENTS The site is currently a commercial parking lot. APPRAISED VALUE: $3,568,900 PRICE Best offer. LOT AREA: 7,931 SF PARCEL: 1047000085 PRESENT USE: PARKING(COMMERCIAL LOT) 2020 DEMOGRAPHICS 1 MILE 3 MILE 5 MILE PROPERTY NAME: PARKING (DIST C) JURISDICTION: BELLEVUE Population 26,023 84,097 273,241 ADDRESS: N/A Daytime Population 49,669 121,735 323,962 LOT AREA: 7,928 SF Households 14,013 37,674 115,813 Avg. Household Income $166,731 $182,104 $176,029 100 107TH AVE NE - FOR SALE DEVELOPMENT OPPORTUNITY | 2 | SITE PLAN NOT TO SCALE. SITE PLAN AND TENANTS SUBJECT TO CHANGE. THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE. JSHPROPERTIES.COM BELLEVUE, WA 8 AMAZON HQ NE 10TH ST 4.9 NE 8TH ST MILLION SQUARE FEET OFFICE SPACE 6 7 NE AVE 110THE NE 6TH ST BELLEVUE LIGHT RAIL STATION (2023) 106THE AVE NE AVE 106THE 5 NE AVE 108THE BELLEVUE WAY NE WAY BELLEVUE BELLEVUE CITY HALL NE 4TH ST 2 3 4 NE 2ND ST 1 SITE MAIN ST EAST MAIN LIGHT RAIL STATION SOURCE: SEATTLE TIMES, AMAZON, VULCAN (2023) 1 2 3 4 5 6 7 8 WEST MAIN TOWER 333 SUMMIT III SUMMIT II 555 TOWER BELLEVUE 600 BELLEVUE 600 BINARY Three Towers 430,000 SF 370,000 SF 110,000 SF 967,500 SF Phase II Phase I TOWERS 1.04 Million SF (2023) 760,000 SF 900,000 sf 670,000 SF (2023) (2025) (2024) 100 107TH AVE NE - FOR SALE DEVELOPMENT OPPORTUNITY | 3 | SITE PLAN NOT TO SCALE. SITE PLAN AND TENANTS SUBJECT TO CHANGE. THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE. JSHPROPERTIES.COM DOWNTOWN BELLEVUE DEVELOPMENT In Review – Land Use & Building 1. 606 106th (Design Review & MDP Review) | 606 106th Avenue NE 2. 100 & Main (Design Review) | 8 100th Avenue NE 3. BelleVista Place (Design Review & MDP Review) I 100 112th Avenue NE 4. Pinnacle Apartments (Design Review) |1036 100th Avenue NE 5. BOSA II (Design Review) |205 105th Avenue NE 6. Bellevue 600 (Design Review & MDP Review) | 600 108th Avenue NE 7. Fana 305 (Design Review) | 305 108th Avenue NE 8. Skanska NE 8th (Design Review) | 10666 NE 8th Street 9. Broadstone Bellevue Gateway (Design Review & MDP Review) | 11100 Main Street 10. Four 106 (Design Review & MDP Review) | 320 106th Avenue NE 11. Cloudvue Master Development Plan (MDP Review) | 10855 NE 8th Street 12. Washington Square Extended Stay (Design Review) I 830 106th Avenue NE 13. Mirador – Phase II (Building Permit) | 10232 NE 10th Street 14. Bellevue Plaza Phase II Towers 2 & 3 (Building Permits) I 117 106th Avenue NE 15. NE 10th Residential (Building Permit) |10050 NE 10th Street SITE Under Construction Under Construction1. One 88 | 120 Bellevue Way 2. Holden (Building Permit) | 121 112th Avenue NE 3. 888 Bellevue Tower | 888 108th Avenue NE 4. Brio | 1021 112th Avenue NE 5. East Link | 450 110th Avenue NE 6. Summit III | 320 108th Avenue NE 7. 555 108th | 555 108th Avenue NE 8. 1001 106th |1001 106th Avenue NE 9. Avenue Bellevue| 10300 NE 8th Street 10. Main Street Apartments| 10777 Main Street 11. GIS Plaza | 930 109th Avenue NE SOURCE: CITY OF BELLEVUE / 2020 Q2 DOWNTOWN PROJECTS REPORT 12. Bellevue Plaza Phase | 117 106th Avenue NE In the Pipeline -Pre-application 1. McAusland Mixed Use Building | 10210 NE 8th Street 2. 222 112th Office Towers | 222 112th Avenue NE 3. 700 112th | 700 112th Avenue NE 4. NE 8th and 106th I 10635 NE 8th Street 5. Pinnacle North | 10112 NE 10th Street 6. Pinnacle South | 10116 NE 8th Street 7. Bellevue CLT Tower | 305 111th Avenue NE 8. Bellevue Straits | 530 112th Avenue NE 9. 200 112th | 200 112th Avenue NE 10. Bosa-Park Row | 201 Bellevue Way NE 11. Bell10 | 10350 NE 10th Street12. 10855 Towers I 10855 NE 8th Street 100 107TH AVE NE - FOR SALE DEVELOPMENT OPPORTUNITY | 4 | SITE PLAN NOT TO SCALE. SITE PLAN AND TENANTS SUBJECT TO CHANGE. THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE. JSHPROPERTIES.COM Development Opportunity 100 107TH AVE NE 98004 - FOR SALE / PARCELS: 1047000025, 1047000090, 1047000085 265’ SITE 125’ 59’ 130’ 100 107TH AVE NE - FOR SALE DEVELOPMENT OPPORTUNITY | 5 | SITE PLAN NOT TO SCALE. SITE PLAN AND TENANTS SUBJECT TO CHANGE. THE INFORMATION CONTAINED HEREIN HAS BEEN GIVEN TO US BY SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY, BUT WE DO NOT GUARANTEE IT. ALL INFORMATION SHOULD BE VERIFIED PRIOR TO PURCHASE OR LEASE. JSHPROPERTIES.COM Bellevue Downtown Zoning and Perimeter Overlays E H E T N 0 N O 1 1 R-20 VE O VE E A 1 A E N 0 N O 2 H N T VE Y O 8 D A ST A 0 OLB A 1 W H H VE T T R-20 E N 0 E 13TH Development Opportunity 3 ST 0 1 N 1 E E E EVU N N L VE EL A B E E N R-3.5 H N T 2 L P PL 1 R-4 VE 1 H H A T T 2 6 H 1 NE 12TH PL 0 R-20 T R-30 1 E 1 1 OLB N FOR SALE 1 OLB OLB NE 12TH ST R-10 NE 12TH ST NE 12TH ST NE 12TH ST ST 2TH NE 1 A-2 E N E N 100 107TH AVE NE VE A VE E E H A N T N E H 8 E Y 0 T N N A 1 0 VE 1 A W 1 VE DT-R VE H E A A T 0 H D 0 T NE N 11TH EVU ST 1 BELLEVUE, WA 98004 6 E 2 NE 1 L 1TH ST 0 N 0 E 1 1 EL N VE B A VE A ST D 1 0 R 1 3 0 1 DT-OLB-N BELFAIR DT-R NE 10TH ST LN NE 10TH ST NE 10TH ST NE 10TH NE 10TH ST H ST A-1 ST NE 10T NE 1 DT-MU 0TH ST B-2 OLB E E E N N N VE VE VE A A A E E H N H H T N T T E 9 0 1 E 0 VE N 1 1 VE 1 N A 1 1 A VE H D VE T A 0 N A H 0 2 T 1 H 0 8 T 1 DT-O-2-N NE 9 0 TH ST 2 1 1 NE 9TH P 1 L OLB NE 8TH S T NE 8TH S R-20 DT-MU T NE 8TH ST NE 8TH ST NE 8TH ST NE 8TH ST NE 8TH ST E N Y A R-10 W E E N E EVU R-10 E L N Barnes & Noble N E E V EL N E A VE VE B N A H A VE T H 6 H A E V T 0 T A 8 1 H 0 0 T 1 H 1 2 NE 7TH ST 1 T 1 0 1 0 1 Bellevue Square NE 6TH ST DT-O-1 NE 6TH ST NE 6TH ST NE 5TH ST DT-O-2-E ZONING E N E DT-MU-CC E N VE N E A E N E V DT-OLB-C V H A T A VE 6 H 0 H A T 1 T 8 Down Town Mixed Use H 0 0 T 1 1 2 1 1 DT-MU with a maximum height of 308 feet including 1 NE 4TH ST NE 4TH ST NE 4TH ST NE 4TH ST E NE 4TH S N E T N E mechanical systems allowance of 20 feet.
Load more

Recommended publications
  • Chapter 2: Trends and Conditions
    Chapter 2: Trends and Conditions Introduction Policies, demographics, economic conditions, land use, environmental factors, and travel patterns all change continuously, and each has an influence on which strategies will be effective in providing travelers in Redmond with safe, reliable travel choices. This chapter examines the changes that have influenced this update of the TMP, reports on the current state of the City of Redmond and, where possible, forecasts the conditions that will affect our transportation system in the future. Policy Developments Key Trends In 2011 Mayor John Marchione unveiled his vision for the City of Redmond: “Redmond is a city with two vibrant urban centers — Downtown and Overlake — and connected neighborhoods, providing high quality, responsive services to an engaged citizenry.” Since adoption of the first Transportation Master Plan in 2005, policy actions by the City and regional agencies have refined and reinforced Redmond’s urban center strategy, as well as its goal of increasing the diversity and sustainability of the transportation system. City Vision The vision is intended to influence all City work, from the biennial budget process to Comprehensive Plan updates, and was a guiding force for the Development of multi‑story, TMP. The TMP responds to the community vision through its urban centers mixed land uses with strategy, its attention to neighborhood connections, and its investments to improve mobility citywide for all users. The vision also influenced the residential spaces above development process of the TMP, which included a robust public outreach and engagement component. The comments and opinions voiced by commercial spaces will participants were key to establishing the direction of the plan, which is a spur the local market refinement of the direction established in the 2005 TMP.
    [Show full text]
  • Bellevue Bellevue
    Bellevue IT’S YOUR CITY Bellevue IT’S YOUR CITY FEBRURARY 2012 www.bellevuewa.gov INSIDE Council tabs Lee for mayor CITY Staff heroics Page 2Bellevue Deputy Mayor Jennifer Robertson and Mayor Conrad Lee IT’SThe CityYOUR Council has elected longtime CITYAdministration, an engineer at Boeing and a project councilmember Conrad Lee to serve as mayor for the manager with Seattle’s Solid Waste division. next two years. Councilmember Jennifer Robertson was Lee and his wife Winnie have two adult children, chosen deputy mayor, also during the council’s first a son and a daughter. meeting of the year, on Jan. 2. Robertson was first elected to the council in 2009 Lee, who was born in China and moved to to complete the two remaining years of Phil Noble’s Bellevue in 1967, is the first member of an ethnic term. She was re-elected in November. minority to serve as Bellevue’s mayor. Previously the “I’m humbled to be chosen deputy mayor,” Collaboration on light rail deputy mayor, Lee takes over from Councilmember Robertson said. “I’m looking forward to the council Page 3 Don Davidson, whose two-year term as mayor working together to keep Bellevue a wonderful place to concluded at the end of 2011. live, raise a family and grow a business.” “I’m grateful to the people of Bellevue and I am Robertson’s council assignments include the honored to be entrusted by my fellow councilmembers King County Growth Management Planning Council to be mayor,” Lee said. “Bellevue is one of the most Executive Committee, Puget Sound Regional Council vibrant and diverse cities in the state and I am proud to Growth Management Policy Board, Bellevue Library represent and lead it.” Board Liaison, and Parks & Community Services Board Bellevue’s seven councilmembers are elected at Liaison.
    [Show full text]
  • Bellevue CBD Land Development Opportunity OFFERING MEMORANDUM Table of Contents
    FOR SALE Bellevue CBD Land Development Opportunity OFFERING MEMORANDUM Table of Contents 1. Executive Summary • The Offering • Location Aerial 2. Property Description • Property Profile • Bellevue CBD Zoning • Location Overview • Future Light Rail • Amenities Map 3. Market Overview • Puget Sound Overall Market • Bellevue CBD Development Pipeline • Sale Comparables Offered by Bob Conrad Kidder Mathews Kidder Mathews 500 108th Avenue NE, Ste 2400 [email protected] Bellevue, WA 98004 425.450.1152 kiddermathews.com Troy Gessel AGM Commercial Real Estate [email protected] 425.576.8700 The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.
    [Show full text]
  • ANNUAL REPORT | 2013 This Annual Report Contains "Forward-Looking Statements" Within the Meaning of the Private Securities Litigation Reform Act of 1995
    ANNUAL REPORT | 2013 This annual report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of our management regarding expectations about future events and are based on then available information. Actual results could differ materially. The use of words such as "anticipates," "estimates," "expects," "intends," "plans" and "believes," among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Please carefully review and consider the various disclosures made in our Annual Report on Form 10-K enclosed herein and in our other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may impact future results. The logos on the front cover are service marks or trademarks of Expedia, Inc. and/or its affiliated companies. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K Í ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2013 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-51447 EXPEDIA, INC. (Exact name of registrant as specified
    [Show full text]
  • Bellevue School District Growth & Planning a Path Forward
    Bellevue School District Growth & Planning A Path Forward AFFIRM. INSPIRE. THRIVE. October 15, 2019 Agenda • Foundation • Committee Work • Facility Challenges, Needs and Plan VISION: TO AFFIRM AND INSPIRE EACH AND EVERY STUDENT TO LEARN AND THRIVE AS CREATORS OF THEIR FUTURE WORLD. 2 City of Bellevue – Growth Outlook • Wilburton Commercial Area Study Report expects 17,000 new jobs and 3,500 housing units by 2035 • Beyond the Wilburton Commercial Area, an additional 25,000 new jobs are anticipated to be added in Bellevue by 2035. • Beyond the Wilburton Commercial Area, an additional 12,500 housing units could be added in other parts of the city by 2035. • Bel Red Corridor 5,500+ units • Downtown 4,700+ units • Eastgate 800+ units • Factoria 700+ unit • Crossroads 500+ units • South Bellevue 300+ units • Redmond Overlake District will have 2000+ additional housing units in the Bellevue School District by 2030. Source: City of Bellevue Planning Department, Cut of Redmond VISION: TO AFFIRM AND INSPIRE EACH AND EVERY STUDENT TO LEARN AND THRIVE AS CREATORS OF THEIR FUTURE WORLD. 3 Downtown Bellevue VISION: TO AFFIRM AND INSPIRE EACH AND EVERY STUDENT TO LEARN AND THRIVE AS CREATORS OF THEIR FUTURE WORLD. 4 Growth and Planning: Foundation Headcount 25,000 • From 2004/05 school year through 20,262 20,272 20,193 2017/18 school year, BSD has grown 19,974 20,000 18,416 on average 2% year over year with 16,937 some slowing in the last two years. 15,744 15,000 • This year we forecasted a continued slowing of growth with an anticipated increase of 0.2%.
    [Show full text]
  • Bellevue's Premier Office Location
    Bellevue’s Premier Office Location Space Available BELLEVUE PLACE CONTIGUOUS OPTION 20,176 RSF FOR 26,021 RSF 5,845 RSF BELLEVUE PLACE 1,321 RSF CORNER BUILDING (FULLY LEASED) 2,729 RSF 7,511 - 15,457 RSF BELLEVUE PLACE • BELLEVUE PLACE BUILDING: 10500 NE 8TH STREET VIRTUAL RSF DATE RENTAL FLOOR(S) SUITE(S) TOUR AVAILABLE AVAILABLE RATE 17 & 18 Variety 26,021 RSF Varied $53.00/RSF, NNN 18 1800 20,176 RSF Now $53.00/RSF, NNN 17 1776 5,845 RSF 9/1/2022 $53.00/RSF, NNN 11 1140 1,321 RSF 11/1/2021 $52.00/RSF, NNN 7 720 2,729 RSF Now $51.00/RSF, NNN 6 600 7,511 - 15,457 RSF Now $51.00/RSF, NNN BELLEVUE PLACE • CORNER BUILDING: 800 BELLEVUE WAY NE 100% LEASED The information contained herein has been given to us by the owner or sources which we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Prospective tenants should carefully verify all information contained herein. Fact Sheet Bellevue Place Building: 10500 NE 8th Street, Bellevue, WA 98004 Addresses: Corner Building: 800 Bellevue Way NE, Bellevue, WA 98004 Bellevue Place 519,549 SF Lincoln Square North 543,000 SF Square Footage: Lincoln Square South 719,573 SF Total: 1,782,122 SF Bellevue Place Building: 21 Stories: Corner Building: 6 Rental Rates: $51.00 – $53.00 NNN per RSF Operating Expenses: 2021 Projected Operating Expenses: $17.51 per RSF Load Factors: Per 2010 BOMA standards, varies by floor Parking: Three (3) stalls for every 1,000 square feet of usable area at current rate of $232.73 per month, plus tax Athletic Club: Approximately 12,000 RSF with latest equipment, full swimming pool, lockers, showers, managed by Hyatt Regency Stay-Fit Access into the parking garage at four points: • NE 8th Street Additional access via motor court.
    [Show full text]
  • Eastside Office Market Data for the First Quarter of 2016
    Bellevue Office 10500 NE 8th Street, Suite 900 Bellevue, Washington 98004 Commercial Real Estate Services broderickgroup.com EASTSIDE OFFICE MARKET OVERVIEW First Quarter 2016 EASTSIDE MARKET SUMMARY Vacancy rates across the entire Eastside move to January 2020, three years after the last Office Market dropped markedly for the first delivery of the new CBD projects. Given that quarter of 2016 from 10.6% to 10.1%. young, tech tenants do not typically plan ahead on office space decisions, significant additional Leasing activity for the Bellevue CBD has demand should surface towards the end of this increased this quarter, somewhat easing year as the last of the new construction nears recent fears of an over-built Bellevue CBD completion. despite 1.5 million square feet of new buildings. The recently delivered 929 Building (462,000 As the Bellevue CBD attempts to regain its SF) will be followed by Schnitzer’s 425 Centre footing, the suburban Eastside markets are (354,000 SF) and Kemper Development’s headed for strong increases in rental rates Lincoln Square Expansion (710,000 SF), both and competition for smaller spaces by tenants. set to deliver end of 2016 to early 2017. As of Those markets are experiencing very little new the date of this report, there are 794,000 SF construction and posting low vacancies, such as of tenants that have or will be signing leases Kirkland’s 6.4%, I-90’s 10.6%, and Redmond’s for space in Bellevue CBD, which will result 5.7%. The lack of large contiguous suburban in 586,000 SF positive net absorption in 2016 spaces will also certainly push leasing activity and 2017.
    [Show full text]
  • Eastside Office Market Overview Year End 2015
    Eastside Office Market Overview Year End 2015 Commercial Real Estate Services 10500 NE 8th Street, Suite 900 | Bellevue broderickgroup.com Eastside Office Market Overview Year End 2015 EASTSIDE MARKET SUMMARY While vacancy rates across the entire Eastside Office Market “treaded water” in 2015 (essentially unchanged at 10.75%), the year was other- wise positive from the aspect of pre-leasing in new construction. The recent fears of an over-built Bellevue CBD have somewhat eased in the face of 1.5 million RSF under construction, and at a time when Expedia has announced it is vacating 465,000 RSF. While only 120,000 RSF of the new construction is pre-leased, we have seen a significant increase in activity with an additional 570,000 RSF of tenants consid- ering the new buildings. This is coupled with a strong possibility that Expedia may extend their leases in downtown Bellevue well past the new construction deliveries. Both of these recent occurrences have swung forecasts to seriously consider the possibility that new demand may absorb a much larger percentage of the pending delivery of supply in downtown Bellevue than had been previously estimated. While the Bellevue CBD is hopefully regaining its footing, the suburban Eastside markets appear headed for strong increases in rental rates and potential competition for smaller spaces by tenants. This is expect- ed because those markets are experiencing very little new construction and post low vacancies, such as Kirkland’s 6.3% or I-90’s 8.1%. Please visit broderickgroup.com for all available properties Bellevue Office Seattle Office 10500 NE 8th Street, Suite 900 600 University Street, Suite 2220 Bellevue, Washington 98004 Seattle, Washington 98101 Main.
    [Show full text]
  • 2017 Annual Report
    2017 Annual Report TM TM TM This annual report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the views of our management regarding expectations about future events and are based on then available information. Actual results could differ materially. The use of words such as "anticipates," "estimates," "expects," "intends," "plans" and "believes," among others, generally identify forward-looking statements; however, these words are not the exclusive means of identifying such statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Please carefully review and consider the various disclosures made in our Annual Report on Form 10-K enclosed herein and in our other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may impact future results. The logos on the front cover are service marks or trademarks of Expedia, Inc. and/or its affiliated companies. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2017 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37429 _______________________________________________
    [Show full text]
  • A Downtown Bellevue Landmark Class a Office Building
    A DOWNTOWN BELLEVUE LANDMARK CLASS A OFFICE BUILDING 777 108TH AVENUE NE BELLEVUE, WASHINGTON 98004 25-story, 445,089 RSF One block from Excellent views of Destination elevators Conference facilities building prominently Bellevue Transit downtown Bellevue, added & recently located in the heart of Center and Future Lake Washington, renovated multi- Downtown Bellevue - EastLink Light Rail Olympic & Cascade tenant lobbies and 18,500 SF Floor Plates system (2023) Mountains and Mount restrooms Rainier Bike storage & On-site deli: TD Ameritrade retail Electric car charging 24/7 onsite security locker/shower facility branch stations & valet and engineering 777 Delicatessen parking 777 108th Avenue NE Bellevue, WA 98004 symetrabellevue.com VIEW FROM HIGH-RISE SPACE IN SYMETRA CENTER AVAILABLE 3,236 RSF AVAILABLE AVAILABLE 3,865 RSF AVAILABLE 2,743 RSF AVAILABLE SPACE FLOOR / SF AVAILABILITY COMMENTS SUITE Direct elevator lobby access and unencumbered west views 18 / 1800 2,743 RSF NOW of Lake Washington & Seattle. Executive sized external private offices. Market Ready Spec Plan: Under Construction Soon. Generally open area with a mix of offices and conference space. 20 / 2030 3,865 RSF NOW Northeastern views. Partial floor with reception area, private offices, and conference 22 / 2240 3,236 RSF NOW rooms. Market Ready Spec Plan: Under Construction Soon. 777 108th Avenue NE Bellevue, WA 98004 symetrabellevue.com Whether a tech tenant or a professional firm, Symetra Center offers signature and distinguished office space alternatives To view the
    [Show full text]
  • 1 Cover Olive
    A GRAND IMPRESSION RETAIL SPACE AVAILABLE 225 108TH AVE NE BELLEVUE, WA Home to Seastar Restaurant, Wells Fargo and 323,562 SF of office space. BELLEVUE CBD AT YOUR COFFEE SHOP 2,031 RSF 1,782 RSF FINGERTIPS AVAILABLE AVAILABLE 25,000 5 MIN 93 2.37M AMAZON EMPLOYEES WALK TO THE SQ.FT OF LIGHT RAIL WALK SCORE NEW OFFICE SPACE 2,031 RSF & 1,782 RSF TO DT BELLEVUE WALKER’S PARADISE Unique small-shop spaces BY 2025 STATION BY 2023 available Civica Office Commons is comprised of two Class A+ office buildings connected by a striking 45-foot high glass enclosed lobby and Great Room. Located in the 11,418 31,120 81.61% 62,563 vibrant heart of the Bellevue Central TRADE AREA ESTIMATED EMPLOYEES % OF TRADE AREA RESIDENTS WITHIN 1 BLOCK RADIUS 4YRS+ EDUCATION EMPLOYEES Business District, the project is within BY 2020 BY 2020 close walking distance to Bellevue’s thriving office, residential, retail and hospitality scene. NE 10th St 110th Ave Ave NE 110th 106th Ave 106th Ave NE 108th Ave NE Avalon Tower Ave NE 112th Bellevue Way NE Bellevue Way Elements N Nine Two Bellevue Nine Tower Avenue Place WA Square US Bank Skanska Plaza Alley 111 Bldg Plaza East NE 8th St 100th Ave 100th Ave NE Paccar Tower Tower 600 Symetra Bellevue Square Phase I Center Cloudvue The Bravern Lincoln Square Onni Towers Key Center Bellevue 600 Meydenbauer Center Pedestrian Corrider Bellevue Transit Center Transit Center Station 2023 Future East Link Light Rail Bellevue Galleria City Center City Hall Park 555 108th NE Bellevue Center Plaza Lincoln Square II Bellevue One Bellevue
    [Show full text]
  • Innovative Workspace
    BELLEVUE TECHNOLOGY CENTER 9 BUILDINGS 326,384 RSF SE CORNER OF NE 24TH ST & 156TH AVE NE, BELLEVUE, WA Innovative workspace surrounded by an environment built to inspire FEATURES: » Distinctive nine-building office center setting » Easy access to SR-520 and I-405 » 46.6 acre site, 326,384 RSF » Views of downtown Bellevue, Seattle and the Olympic Mountains » Advanced building infrastructure to accommodate the needs of technology companies » Back up generator available (select suites) » Close proximity to all service amenities of Bellevue’s » Fiber available to the park (Century Link) Overlake area, downtown Bellevue and Redmond » 1,036 parking stalls (45% surface & 58% covered) Town Center » 6 Metro transit stops surrounding the park, including a » Less than one mile from Microsoft World Headquarters “Rapid Ride” stop ON-SITE AMENITIES: State-of-the-art fitness facility and locker rooms Secured on-site bike storage Collaborative, full service cafe with wifi Sport court and beach volleyball court Expansive common conference area Landscaped walking/jogging trails Microsoft World HQ Microsoft World HQ 520 BELLEVUE TECHNOLOGY CENTER Overlake d NE 24th St. a Fashion Plaza o R d n o m d e R - ue llev 148th Ave. NE Be 156th Ave. 156th Ave. NE Crossroads Mall NE 24th and 160th NE 24th and 160th AMENITIES BUILDING 2333 BLDG A BLDG2035 D2 BLDG D ST HELENS OLYMPUS 15801 NE BLDG2125 C RAINIER2077 BLDG B 15805 NE 15800 24th ST 2277 CASCADE 15805 NE 24th ST BAKER 17,378 SF 42,989 SF 15805 NE 24th ST BLDG E 15803 NE 12,247 SF 34,324 SF 15,854 SF 24th
    [Show full text]