October 26, 2012
Kidder Mathews to Market Prime Development Site in Bellevue's Central Business District
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Kidder Mathews, a commercial real estate brokerage firm, has been selected to exclusively market one of the last remaining prime development sites in Bellevue's Central Business District. Located at 437 - 527 108th Avenue NE between One Bellevue Center and Key Center, the property consists of approximately 58,500 square feet of land area in 4 tax parcels and includes over 285 lineal feet of frontage on 108th Avenue NE. The site lies in the heart of CBD Bellevue's office corridor. It is in close proximity to the bus and pedestrian corridors and one block from downtown Bellevue's light rail station.
This highly sought after trophy site has been privately owned for over 30 years. The demand is unprecedented in the area with more than 2-million square feet of desired office space by current Eastside tenants. Kidder Mathews expects this property to appeal to developers of high-rise hotels or multi-family apartments or a class A office building developer.
The offering is represented by Kidder Mathews brokers Jason Rosauer, Andy Miller, and Dave Speers all senior vice presidents with the firm, and investment specialist Rob Anderson.
The Eastside is presently one of the hottest markets in the country with close to 2-million square feet of office and retail space either under construction or design review planned for completion by 2014. There are almost 2,000 residential units under construction or in design review in the Bellevue CBD planned for completion by 2014. King county estimates the Bellevue CBD will increase in population to almost 20,000 by 2031.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 400 real estate professionals and staff in 9 offices in Washington, Oregon, and California. 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 $1.9 billion in transactions, manages over 25.2 million square feet of space, and conducts 1,100 appraisals annually. For more information, go to www.kiddermathews.com.
For inquiries, please contact Karen Benoit at 206.296.9600 or email: firstname.lastname@example.org.