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June 07, 2016

Redmond Technology Center sells for $30,250,000

Seattle, Wash. (June 7, 2016) - Transwestern, a privately held commercial real estate company, has purchased Redmond Technology Center, a 101,855 square foot office building, for $30,250,000. Kidder Mathews commercial real estate brokers, Andy Miller, Joe Lynch, Bob Conrad, and Dan Harden represented the seller, Menlo Equities, a private commercial real estate investment company, in the transaction.

The five-story, Class A office building is a LEED Gold certified, trophy-quality asset. It is situated on 5.35 acres in a park-like setting at 18300 Redmond Way in Redmond, Washington, within walking distance of significant retail amenities.

"This sale indicates that the Eastside suburban office market continues to be attractive to institutional buyers who have available capital and a continued appetite for well-located, high-quality office properties," said Lynch.

About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 550 real estate professionals and staff in 14 offices in Arizona, California, Nevada, Oregon, and Washington. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $4.7 billion in transactions, manages over 37 million square feet of space, and conducts over 1,300 appraisals annually. For more information, visit www.kiddermathews.com.

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