Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE-Group Health, a Seattle-based non-profit health care system has signed a letter of intent to sell its 28-acre Eastside Campus in Redmond, WA later this year to Trammell Crow Co. and an undisclosed equity partner. Located near Microsoft Corp.’s headquarters campus, the buyers plan to redevelop the site with residential, office, retail and hotel uses.

The news comes one day after Group Health opened a new $120-million facility that connects to Overlake Hospital in neighboring Bellevue, WA, and announced the opening of a new primary care medical center at Redmond Town Center in October. The purchase price was not released by the parties involved and was not immediately available.

The City of Redmond approved re-zoning of the campus in December 2007 as part of the city’s long-range plan for its portion of the Overlake neighborhood. The zoning allows for a mixed-use neighborhood of residential, hospitality, retail and office uses.

Tom Pehl of CB Richard Ellis is representing Group Health in the sale of the Eastside Campus. The sale is expected to close by December.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.