November 15, 2022
REDMOND, WA – Transwestern Investment Group (TIG®) announces the sale of Redmond Hilltop, a 178,957-square-foot office asset comprising three two-story buildings in Redmond, Washington. The property is fully leased on a long-term basis to a single, undisclosed tenant.
“Redmond’s attractive market fundamentals and remarkable growth across a broad swath of dynamic industries make the submarket one of the most desirable in the nation for both owners and occupiers of commercial real estate,” said Clarke Crenshaw, Senior Managing Director for TIG. “Despite current capital market volatility, we are pleased to once again deliver a favorable return for our investors.”
Located at 6464, 6222, and 6244 185th Avenue NE, Redmond Hilltop sits on 8.4 acres near the north shore of Lake Sammamish and benefits from the market’s reputation as a leader in the technology, aerospace, manufacturing, artificial intelligence, cloud computing, gaming and software engineering sectors.
The asset enjoys outstanding transportation access to SR-520 and the future SE Redmond light rail station, as well as proximity to numerous dining, shopping, entertainment and hospitality options offered by Redmond Town Center, a 2.1 million-square-foot, mixed-use urban village.
Eastdil Secured represented the sellers in the transaction.
A photo is available for download here.
About Transwestern Investment Group
Transwestern Investment Group (TIG®) is a real estate investment adviser with $5.3 billion of assets under management. The firm serves a broad range of institutional and high-net-worth investors with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for investors across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
The investors included in this press release were not selected based on performance, but because they are some of the largest well-known investors with similar strategic alliances. It is not known whether these investors approve or disapprove of TIG or the services or products it provides.
Media Contact:
Molly McMurtry
713.231.1571
molly.mcmurtry@transwestern.com
twmediarelations@transwestern.com
