Innovatus Capital Partners has acquired Triton Towers in the Seattle suburb of Renton. The three-tower class-A property totals 400,000 square feet. The purchase price was not disclosed.

Located between Bellevue and Seattle, the property is near manufacturing, aerospace and healthcare employment centers. Leading companies Boeing, Valley Medical Center, Kaiser Permanente and PACCAR Inc. are all located near the property. “We see a big opportunity in Renton, which has experienced a surge in demand for high-quality office space given its locational attributes,” said Bradley Seiden, managing director of Innovatus, in a statement about the purchase, adding that the firm plans to complete capital improvements started by the previous ownership.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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