Block 13
Gaw Capital Acquires Bellevue’s Bellefield Office Park for $87.5MM in Deed-in-Lieu Transaction
Gaw Capital Partners acquired a 550,000 square foot campus in Bellevue for $87.5 million through a deed-in-lieu of foreclosure, highlighting a surge in...
Eastside Office Market Shows Cautious Optimism Despite Persistent Vacancy Challenges
Even with elevated vacancy rates hovering above 20 percent, new tenant activity and emerging growth signals suggest the Seattle-area office market may be...
Drawbridge, KKR & Global Atlantic Buy Spring District’s Block 13 Meta-Leased Property in Deal Valued $193MM
(EDITOR’S NOTE: According to sources with knowledge of the transaction details, the property trade was valued around $910 per square foot, or approximately...
500,000 SQFT Bellefield Office Park in Bellevue Hits Market, Testing Eastside Investment Appetite
The 550,000-square-foot Bellefield Office Park has been listed for sale in Q1 2025, offering a significant test of investor confidence in the recovering...
212,000 SQFT Block 13 in Bellevue’s Spring District Expected to Hit the Market Soon
Block 13, a newly developed nine-story office building in Bellevue’s Spring District, may soon be listed for sale, according to a report by...
Meta (Facebook) Pre-Leases 213,000 SQFT at Spring District’s Block 13 in Bellevue
Wright Runstad & Company (“Wright Runstad”) and Shorenstein Properties (“Shorenstein”) today announced they have pre-leased their planned 213,000 square foot Block 13 project...
