First Citizens Bank Acquires Office Building In Bellevue, WA For $18.5M

The Pacific Cataract and Laser Institute has completed a sale-leaseback transaction of its office building located at 2606 116th Avenue Northeast in Bellevue, Washington. The property, an office asset, was sold to First Citizens Bank for a total price of $18,500,000, which amounts to $558 per square foot. The building spans a total area of 33,154 square feet and is situated in the Bellevue market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $18,500,000
• Square Footage: 33,154
• Price Per Square Foot: $558
• Address: 2606 116th Avenue Northeast, Bellevue, WA
• Market: Bellevue, WA

The seller, Robert Ford, represented the Pacific Cataract and Laser Institute in the transaction. The buyer, First Citizens Bank, completed the sale-leaseback agreement through their representative, Jeff Chaney from Kidder Mathews, a brokerage firm. This deal highlights the collaboration between the Pacific Cataract and Laser Institute, First Citizens Bank, and their respective brokers, Robert Ford and Jeff Chaney.