HFF announces the sale of Willow Creek Corporate Center, a seven-building, Class A office park in the thriving tech submarket of Redmond, Washington.
HFF Announces Sale of Willow Creek Corporate Center
The HFF team represented the seller, and procured the buyer, Preylock Real Estate Holdings.
Willow Creek Corporate Center comprises 421,785 square feet spread across seven fully leased buildings. The campus is located in the supply constrained North Redmond submarket of Seattle, just minutes from Microsoft’s world headquarters.
The HFF investment advisory team representing the seller included Michael Leggett, Dave Otis Logan Greer and Kevin Freels.
About Preylock Real Estate Holdings
Preylock Real Estate Holdings are owners, operators and developers of commercial and residential real estate primarily located on the West Coast. They utilize a relative value approach to real estate investing, identifying unique investment opportunities in highly targeted, supply constrained markets. Generally, they seek to acquire assets that trade at a discount to replacement cost and/or comparable assets in neighboring sub-markets. The company is currently focused on the acquisition of value-add and core plus office buildings in major West Coast sub-markets. Preylock’s sponsors have a combined 26 years of commercial real estate investment experience, including experience with institutional real estate investment partners. To date, Preylock has acquired assets totaling approximately two million square feet, investing approximately $700 million. About HFF
HFF and its affiliates operate out of 26 offices and are a provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
Microsoft Announced Redmond Campus Modernization Team of the consortium of architects and general contractors it has selected to work together to design and build almost 3 million square feet of new workspace on 72 acres of its campus. This is part of a multiyear campus modernization project announced in 2017, which will create new office space, public amenities and infrastructure.
Microsoft Announced Redmond Campus Modernization Team
The team includes architecture firms LMN, NBBJ, WRNS Studio and ZGF Architects; general contractors Skanska, Balfour Beatty, GLY and Sellen; and lead landscape architect Berger Partnership with OLIN. Project management for the redevelopment was awarded to CBRE, JLL and OAC Services Inc.Construction of the new buildings is expected to commence later this year and be completed in 2022. Continue reading “Microsoft Announced Redmond Campus Modernization Team”
francesca’s has announced the opening of a new boutique in Redmond at Redmond Town Center. The boutique is set to open in August and will offer the latest in women’s apparel, jewelry, shoes, accessories, and gift items.
HomeStreet Bank has announced the opening of a new retail branch in Redmond, Wash., located at 16389 Redmond Way, Suite 100. The branch officially opened on Thursday, June 15. This location will be led by Branch Manager Kristen Gonzales. Kristen is a Kirkland resident and brings almost 20 years of bank experience to the team.
Four King County economic development partners—the Economic Development Council of Seattle & King County (EDC), and the cities of Bellevue, Kirkland and Redmond—have joined together to promote the Greater Seattle Region to foreign-owned companies interested in investing in the United States at the upcoming SelectUSA Investment Summit in Washington, DC. They will join the Washington State Department of Commerce in promoting Washington State, and in particular Seattle-King County, as a great place for international companies to do business and grow jobs.
The SelectUSA Investment Summit, scheduled for June 18-20, 2017, is driven primarily by the US Department of Commerce and other federal government agencies as a premier venue for US economic development organizations to share investment opportunities directly with international investors. Continue reading “Economic Development Partners Travel to Washington, D.C. to Recruit Foreign-Owned Companies to the Greater Seattle Region”
Redmond-based Planetary Resources, the asteroid mining company, announced today that it has named Brian Israel as General Counsel. Mr. Israel will oversee the legal, regulatory, and compliance functions for the company, its parent, and Planetary Resources Luxembourg. The company’s vision is to expand humanity’s economic sphere of influence into the Solar System by providing resources for people and products in space, with a near-term goal of identification, extraction, and refinement of water from near-Earth asteroids.
If Everyone’s Talking About The Orlando Attack. How do we join in?
When the news is almost too much to bear, despair is not an option. We need information, accurate reporting, healing conversations, and a plan for moving ahead constructively. But how do we get started? Where do we turn? Is there a place where people can come together to talk about their concerns, share their own experiences, and connect to others with the same interests from different perspectives? Where can you turn whenever you want to understand a complex issue? Start at your community library—your source for reliable, unbiased information.Continue reading “KCLS Hosts Community Forum on Orlando Attack”
Medical Teams International Exhibit provides a powerful look at real life circumstances of millions around the globe
Medical Teams International is offering free tours of its REAL. LIFE. Exhibit throughout the spring and summer. The exhibit, appropriate for children age ten and older, takes approximately 90 minutes to navigate from start to finish.
Old Friends Club Fills Important Need for Seniors Requiring Cognitive Care & Family Support
Old Friends Club is bringing affordable client-centered care to Eastside families dealing with dementia. They plan to open their doors later this month in the Rose Hill neighborhood bordering Kirkland and Redmond. The innovative non-profit that celebrates strengths and commonalities of those living with Alzheimer’s and other cognitive challenges, Continue reading “Affordable Senior Day Program Opening in Kirkland-Redmond”
Microsoft Corp. will publish fiscal year 2016 third-quarter financial results after the close of the market on Thursday, April 21, 2016, on the Microsoft Investor Relations website athttps://www.microsoft.com/en-us/Investor/. A live webcast of the earnings conference call will be made available at 2:30 p.m. PDT.
Redmond-based Microsoft is striving to be the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.