Plaza Yarrow Bay The four multi-tenant buildings at Plaza Yarrow Bay total 284,313 square feet.

KIRKLAND, WA—The local economy continues to run hot mainly due to technology jobs, with year-over-year nonfarm payroll increasing at 3.9%, the fastest growth rate since the turn of the century. The Seattle-Tacoma-Bellevue metro statistical area had an unemployment rate of 3.9% in July, in line with the all-time high of the national rate.

In keeping with this hot trajectory, office buildings are flying off the shelves in key areas of the metro. A recent example are the four multi-tenant office buildings at Plaza Yarrow Bay totaling 284,313 square feet which sold for $134.5 million. The buyer was undisclosed and the seller was Kilroy Realty.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of 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.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.