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January 27, 2016

AAA Washington Buys One Newport Building in Bellevue for $29M

RE Business Online

Nellie Day

BELLEVUE, WASH. - AAA Washington has purchased One Newport Building, an 89,850-square-foot office building in Bellevue, for $29 million. The Class A building is located at 3605 132nd Ave. SE.

The insurance and full-service travel agency plans to occupy the first three floors of the building. The space was formerly occupied by T-Mobile.

AAA Washington will renovate the property before moving in. Construction will commence Feb. 1, with a scheduled occupancy in the third quarter of 2016.

The company's construction and purchasing partners on this project include Swinerton Builders, JPC Architects, Pacific Project Management, Kidder Mathews, Wells Fargo and McCullough Hill Leary.

Gary Guenther, Jason Rosauer, and Rob Anderson of Kidder Mathews represented AAA Washington. JLL's J.J. Shephard and Riley Shephard represented the seller, Ivanhoe Cambridge.

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