Bellevue Technology Center, Seattle

The Bellevue Technology Center is located in the 520 Corridor submarket of the Seattle-Bellevue regional office market, and a few blocks away from the Microsoft global headquarters and Interstate 520 highway.

Over the last five years, the office campus which features nine Class A/B buildings, has undergone capital improvements with an upgraded fitness centre, conference room, full-service café and new parking stalls. Its main tenants are from the financial services and technology sectors.

Being situated close to Microsoft will benefit the Bellevue Technology Center as new ventures by Microsoft could result in an increase in vendors and contractors who work with the software company. This could drive demand for space at nearby properties, including the Bellevue Technology Center.

 

Key Statistics

Address

15805 NE 24th Street, Bellevue, King County, Washington

Land Tenure

Freehold

Parking Stalls

1,320

Number of Storeys

One or three-storey buildings

Net Lettable Area (NLA)

330,508 sq ft

Valuation as at June 20171

US$ 133.0m

Note:
(1) The valuation of the Bellevue Technology Center takes into account the value of the vacant lot which may be developed as the Property has unutilised plot ratio.