Preylock Real Estate Holdings Acquires Office Asset From Vulcan Real Estate For $340M In Bellevue

The property asset involved in the transaction is located at 85 106th Avenue Northeast, Bellevue, WA. The asset is categorized as an office space and has an aggregate sale price of $340,000,000. It encompasses a total area of 364,868 square feet, resulting in a price per square foot of $932. The property is leased to Amazon, representing a significant tenant within the asset.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $340,000,000
• Buyer: Preylock Real Estate Holdings
• Seller: Vulcan Real Estate
• Square Footage: 364,868
• Price Per Square Foot: $932
• Cap Rate: 6.75%

The key individuals and companies involved in this transaction include Preylock Real Estate Holdings as the buyer and Vulcan Real Estate as the seller. The transaction involves the sale of Tower 1 at West Main, indicating the strategic nature of the asset in the Bellevue real estate market.