Seattle-Area Class A Office Asset Trades for $15M
ByPJP Group LLC has purchased a fully leased Class A office buildingin Kirkland, Wash. Claddagh Ventures LLC sold the property for $14.8 million, in a 1031 exchange deal. NAI Hunneman, in a collaboration with NAI Puget Sound Properties, represented the seller and procured the buyer.
The property at 11411 N.E. 124th St. is part of the Kirkland 405 Corporate Center, which is 100 percent occupied. The campus is situated in the Totem Lake neighborhood and offers easy access to Interstate 405, while being surrounded by various retail centers. The 41,405-square-foot building encompasses two levels of office space and one story of covered parking. On-site amenities include a fitness center, conference room and storage areas, as well as new HVAC system and controls…
