Assignment
National investor Spear Street came to Pacific Real Estate Partners’ Investment Team seeking to dispose the 132,964 SF office building in Redmond. The Investment Team’s experience in the Puget Sound area and deep knowledge of market conditions were key attributes for being selected to market the property.
Objective
The Investment Team aimed to get record pricing through a national buyer marketing campaign.
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Challenges
Available space (20% vacancy) was the least desirable space within the project.
Results
Exceeded seller’s expectations by 10%.
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