BELLEVUE, WA- Colliers International’s Puget Sound Real Estate Management Services has been tapped to manage Civica Office Commons, a Downtown class A office development here that changed hands earlier this month for $175.7 million. Civica is Colliers’ first building management contract in Bellevue, the region’s healthiest office market.

Built in 2001, Civica Office Commons consists of two mid-rise office towers totaling 305,835 sf joined by a glass atrium “living room” at 108th Avenue Northeast and Northeast Second Street. It is fully leased at an average annual rent of about $31 per sf to 23 tenants including Microsoft, Wells Fargo, MetLife, Morgan Stanley and Anheuser-Busch.

Brickman Associates, a New York-based real-estate-investment firm, paid Investcorp International $175.7 million ($575 per sf). Investcorp had acquired the building less than two years earlier for $141 million ($462 per sf). Both transactions set records for per-sf pricing in the Seattle area.

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.

Dig Deeper



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.