One Esterra Park Gives a Nod to Tech Tenants
With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of class-A office space in a six-story building designed with technology tenants in mind.
REDMOND, WA—Joint venture equity and construction financing totaling $154.7 million has been secured for the development of One Esterra Park, a transit-oriented class-A office development located adjacent to Microsoft’s world headquarters. Working on behalf of Capstone Partners LLC, Holliday Fenoglio Fowler LP sourced equity capital from an institutional investor and then on behalf of the joint venture, secured the construction loan with US Bank.
The project is the next phase of the 3 million-square-foot Esterra Park live-work-play master-planned community in suburban Seattle. With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of class-A office space in a six-story building designed with technology tenants in mind. The property is being built to LEED Silver standards and will feature average floor plates of 40,000 square feet.