Roosevelt Commons Roosevelt Commons comprises two mid-rise office buildings of five and six stories.

SEATTLE—Intercontinental Real Estate Corporation, on behalf of one of its managed funds, has acquired its first Seattle office asset, Roosevelt Commons. The firm purchased the class-A office complex in the University of Washington’s Innovation District/U-District for $157 million.

Located at 4300 Roosevelt Way NE and 4311 11th Ave. NE, Roosevelt Commons comprises two mid-rise office buildings of five and six stories totaling 229,299 square feet as well as two parking structures accommodating 432 automobiles. The property was 100% leased at closing, with 86% of the net rentable area being leased to investment-grade credit tenants including Seattle Children’s Hospital and the University of Washington.

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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.

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