NAI Hunneman Partners with NAI Puget Sound on $14.8 Million Class A Office Sale

1141 NE 124th Street

NAI Hunneman’s Robert Tito & NAI Puget Sound’s Wyk Parker represented the seller of a 41,405 SF office building in Kirkland Washington

BOSTON—NAI Hunneman, a leading provider of commercial real estate services, in conjunction with NAI Puget Sound Properties completed the $14.8 Million sale of Building A of Kirkland 405 Corporate Center; a premier fully-occupied Class A office property located at 11411 NE 124th Street in Kirkland, WA.

NAI Hunneman Executive Vice President Robert Tito along with NAI Puget Sound Partner Wyk Parker represented the seller Claddagh Ventures, LLC; while buyer PJP Group LLC was represented by Zac Snedeker of CBRE.

“The property was very desirable, as it was stabilized high-quality office asset set within one of Seattle’s most dominant office markets. Using the power of our NAI network, we were able to work together garnering maximum exposure and were able to achieve a record price per square in the Greater Seattle office submarket. While there was an abundance of interest, we were able to identify a 1031 exchange buyer who pre-empted the marketing process by submitting an aggressive offer in terms of price and terms.”

“Through our NAI affiliation of 400+ local offices, I’ve been able to complete investment sales throughout the United States.  No matter the location, we are fortunate to have very qualified, real estate professionals, where we can combine our skills and work off of each other synergies in closing deals.  It was a pleasure working with Wyk, his dedication was essential in getting this transaction closed”, said Tito.

Kirkland 405 Corporate Center, Building A, is a 100% leased multi-tenant, class A office building located in North Kirkland/Eastside submarket within one of Washington’s wealthiest zip codes.  The building has two stories of office space over one level of covered parking.  Onsite amenities include fitness center, building conference room, and storage rooms.  The property has been well maintained with new HVAC system and controls.

About NAI Hunneman:

Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit www.naihunneman.com.

###

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s