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Seattle Bellevue CBD The five separate parcels have development potential in excess of 2.5 million square feet.

BELLEVUE, WA—Building on the fervor of the region’s momentum, one mega-site is poised for a mega-development. Canadian-based Pinnacle International recently purchased the Bellevue Central Business District Gateway development site for $145 million. The site is an 11.13-acre land parcel for a mixed-use project development. This critical land mass is comprised of five separate parcels with development potential in excess of 2.5 million square feet.

The buyer was self-represented. NKF co-head of US capital markets Kevin Shannon, executive managing directors Ken White, Tim O’Keefe, Marty Leith, Paul Sleeth and Billy Sleeth; vice chairman Nick Kucha and senior managing director Michael Moll represented the seller, Fortin Group. Alex Foshay, NKF vice chairman and divisional head of international capital markets, spearheaded the global marketing program.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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