Home News Releases JLL closes $39M sale of Creeksides at Centerpoint in Kent, Washington

JLL closes $39M sale of Creeksides at Centerpoint in Kent, Washington

JLL, Kent, Creeksides at Centerpoint, Seattle, Menashe Properties, NAI Puget Sound Properties, HFF

SEATTLE, August 15, 2019 – JLL announces that it has closed the $39 million sale of Creeksides at Centerpoint, a three-building suburban office campus totaling 218,650 square feet in the Seattle suburb of Kent, Washington.

The JLL Capital Markets team representing the seller, Menashe Properties, consisted of directors Logan Greer and Kevin Freels. The JLL Capital Markets team also partnered with local leasing experts Scott Sulman and Michael George of NAI Puget Sound Properties.

Creeksides at Centerpoint is 97.6% leased to a diversified rent roll of local, regional, national and government tenants, including Blue Nile and the State of Washington. 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019.  Co-brokerage services provided by Jones Lang LaSalle Americas, Inc. 

About Menashe Properties

Menashe Properties is a family-owned business committed to excellence in commercial real estate investment and management.  The company has the unique ability to move quickly and expertly. Founded over thirty-five years ago, its roots run deep.  Menashe Properties has a broad network of contacts and resources that enable the company to provide extremely responsive service to all. Business owners consistently turn to Menashe Properties for the best service and financial value. The company has earned its reputation for being responsive and trustworthy, and it works every day to meet and exceed the expectations of its customers. 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.