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April 02, 2014

Kirkland 118 Commerce Center Trades for $9.9M

CoStar Group

George Robinson

Deutsche Asset & Wealth Management sold the Kirkland 118 Commerce Center industrial complex at 11710-11730 118th Ave. NE in Kirkland, WA to Expert Drywall for $9.9 million, or approximately $128 per square foot.

The 77,072-square-foot complex, made up of two industrial buildings, was constructed in 1998 in the Kirkland Industrial submarket of King County. One of the buildings was fully occupied, and the other was vacant at the time of the sale.

Daniel Seger, Brent Jackson, Mark Flippo, and Ann Chamberlin of JLL represented the seller. Todd Gauthier and Jason Bloom of Kidder Mathews represented the buyer.

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