Seattle’s Corporate Campus East III Sells for $84M

American Assets Trust has purchased the Corporate Campus East III for $84 million from a partnership between Ares Management LLC and SteelWave. The four-building office campus is located in Bellevue, Washington, between Seattle and Redmond in the 520 corridor.

Corporate Campus East III is located on 12 acres at 3001, 3005, 3009 and 3015 112th Avenue NE in Bellevue. The four-buildings have a combined 160,508 square feet of rentable building space, and the buildings are 83% leased with an average remaining lease term of six years. Previous ownership had completed a renovation on the property, including upgrades to interior and exterior common areas and exterior plazas and building systems.