Boeing Sells 254 KSF Seattle-Area Office Campus

Walton Street Capital teamed up with Talon Private Capital to acquire I-90 Bellevue Campus. NKF negotiated the sale on behalf of the seller, while the buyer represented itself.
I-90 Bellevue Campus in Bellevue, Wash.
I-90 Bellevue Campus in Bellevue, Wash.

Boeing sold I-90 Bellevue Campus to a joint venture between Walton Street Capital and Talon Private Capital. The 253,857-square-foot office property in Bellevue, Wash., changed hands for $35.8 million.

Located at 3076, 3156, 3255 and 3265 160th Ave. SE, the four-building asset was completed in phases in 1983, 1968 and 1991. The campus, which features more than 800 parking spaces, sits on roughly 20 acres near multiple bus stations, restaurants and hotels, including India Gate Restaurants, Embassy Suites by Hilton and Larkspur Landing.

NKF’s West Coast Capital Markets President Kevin Shannon, Executive Managing Directors Tim O’Keefe and Ken White and Managing Director Michael Moll negotiated the transaction on behalf of the seller. The buyer represented itself.

“There is the potential to add additional square footage to the site, which can create tremendous value and cash flow once the campus is stabilized,” O’Keefe said in a prepared statement.

Earlier this month, Shannon and White also negotiated the sale of a two-property San Diego industrial portfolio totaling more than 130,000 square feet.

Image courtesy of Newmark Knight Frank