Equus Buys $22M Office Asset in Metro Seattle
- Jan 05, 2017
Seattle—In an approximately $22.3 million deal, an affiliate of Equus Capital Partners Ltd. has acquired Quadrant Willows B and D in Redmond, Wash., a two-building Class B office property totaling 118,058 square feet. The acquisition was made on behalf of Equus Investment Partnership X, a discretionary fund managed by Equus.
Building D includes 50 underground parking spaces, a unique and attractive feature for this submarket. Universal Avionics, a leading manufacturer of innovative avionics systems for business jets, turboprop aircraft, transport aircraft, helicopters, regional and commercial airliners used by corporate, military and airline operators, completely occupies building B.
“We are excited to add Quadrant Willows B and D to our current holdings, Quadrant Willows C and E, which were acquired by Fund X in March 2016, and are located immediately adjacent to each other. With our plans for additional and significant upgrades, consistent through all four buildings, we believe we can offer high quality space solutions for a variety of tenants in the marketplace,” Robert Butchenhart, vice president of Equus, who oversaw the acquisition for the firm, said in prepared remarks.
Quadrant Willows is situated on a 7.2-acre lot. The two, two-story office buildings are strategically situated along Willows Road, at the west end of the Redmond Valley, providing convenient access to I-405 and SR 520, two of the region’s major transportation corridors.
The seller, Menlo Equities, was represented by Scott Davis, Tom Pehl and Lou Senini of CBRE.
Image courtesy of Equus Capital Partners Ltd.