November 08, 2017
Redmond, Wash. – Transwestern Investment Management in partnership with Diversified International Partners today announces it acquired Redmond Hilltop, a 178,769-square-foot office property at 6464 185th Ave. NE in Redmond, Washington.
“Redmond Hilltop presented a compelling investment opportunity due to its stable cash flow and upside potential through expansion opportunities with the adjacent Redmond Technology Center,” said John Higgins, Director of Acquisitions at Transwestern Investment Group (TIG®). “Additionally, the Eastside office market has strong fundamentals to support healthy demand, especially with the expansion of the light rail and subsequent development of residential and retail amenities downtown Redmond.”
The three-building property is fully leased – anchored by Genie, a Terex company, which occupies 61 percent of the property – and is adjacent to the Redmond Technology Center, which was acquired by the same entity in 2016. The property is within walking distance of Whole Foods Market, Marymoor Park and other amenities.
Redmond is home to several Fortune 1,000 companies including Microsoft, AT&T Communications, Nintendo, SpaceX, Oculus Rift, Xerox, Wyndham Hotels and Resorts, Group Health and Citrix Systems.
HFF’s Michael Leggett, David Otis and Kevin Freels brokered the transaction on behalf of the seller.
Transwestern Investment Management LLC is one of the entities under the TIG umbrella that was formed specifically to focus on the needs of separate account relationships and on customizing investment management strategies and services to meet large investor objectives.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is an investment adviser serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Our client-focused, relationship-driven approach ensures our priorities are our clients' investment objectives. With $3 billion of assets under management, trust, integrity and transparency are the cornerstones of our business. TIG provides tactical investment management with an integrated operating platform through the Transwestern family of companies, which includes a diversified real estate services firm with 35 U.S. offices and a development company. For more information, visit transwesterninvest.com.
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.