Bellevue, June 30, 2022 — Patrinely Group, in partnership with affiliates of Dune Real Estate Partners (“Dune”), announces the ground breaking of FOUR106, the 484,000-square-foot office tower in Downtown Bellevue.
“We are proud to reach this significant milestone,” said Robert Fields, President and CEO of Patrinely Group. “FOUR106’s state-of-the-art design, coupled with its prime location, will make it one of the most sought-after buildings in the growing Bellevue market and we are confident it will appeal to today’s office users and beyond.”
The 21-story office building will include approximately 480,000 rentable square feet of office space and 6,500 square feet of street-level retail. The average floor plate size will be 24,000 rentable square feet. The building will feature a fully-equipped fitness center with well-appointed shower and locker facilities. To provide best-in-class office space adaptable to a wide range of uses, FOUR106 will be a tech-enabled building that will include many first-class features and COVID-friendly amenities. The building will feature hands-free entries, delivery dispatch hands-free elevators, hands-free restrooms and has been designed to meet LEED Gold standards for core and shell.
“We want to thank the city of Bellevue for welcoming this project to the city and working diligently with us to make it happen,” said Matt Chamberlain, Patrinely Group’s Executive Vice President responsible for the Western U.S. “Not only is breaking ground on FOUR106 an impressive accomplishment, but it signifies the community’s excitement for growth and the city’s willingness to push forward new and future developments that will enhance the business-friendly landscape we are thrilled to be joining.”
FOUR106 offers quick access to both I-405 and I-90 and will offer underground parking, which will be equipped with EV charging stations. For those not driving themselves, FOUR106 will benefit from a modern, dedicated ride-share pavilion, and an extensive bicycle parking facility, along with its proximity to two of the upcoming light rail stations within a five-minute walk from the building. The building offers unobstructed views of Lake Washington and a highly walkable environment just steps away from the Bellevue Downtown Park and Bellevue Square, which is home to over 200 retail stores and dining options.
The design team includes base building architect CollinsWoerman, general contractor Mortenson Construction, and structural engineer DCI. The design team’s collective expertise includes various public and private projects, including many for those companies with a substantial and growing presence in the Puget Sound region. Gensler’s Houston office was recently added to the design team as the interiors architect.
Paul Sweeney, Jason Furr and Colin Tanigawa of The Broderick Group are leasing FOUR106 on behalf of Patrinely Group and Dune.
About Patrinely Group, LLC
Patrinely Group is a national real estate investment, development and management firm focused on large-scale, Class A commercial office, multifamily, industrial and data center properties in major markets. Recognized as a leader in real estate development since 1983, Patrinely Group has a wide and growing national footprint, and has completed $15 billion in transactions. For more information, visit www.patrinelygroup.com.
About Dune Real Estate Partners
Dune Real Estate Partners LP is a New York City-based real estate investment firm executing an investment strategy that focuses on distressed, deep value-add and contrarian investing balanced by region, sector, and risk profile. Dune manages the Dune Real Estate Funds, which were launched by Mr. Daniel M. Neidich in 2005 and have raised approximately $4.3 billion of equity capital to date. Dune invests on behalf of pension funds, sovereign wealth funds, endowments and other large institutions and individuals.