Jones Lang LaSalle Americas, Inc. ("JLL"), as exclusive advisor, is pleased to present Redstone II (the "Property" or "Building"), a premier investment opportunity in the rapidly growing Northend submarket of Seattle. Redstone II, a five-story, 121,866 SF office and medical building, stands as the preeminent office property in Mountlake Terrace and the Northend, offering a compelling blend of stable cash flows, value-add potential, and strategic location just 15 minutes north of downtown Seattle.

The Property has undergone significant renovations, positioning it at the forefront of modern office design while maintaining its suburban convenience. With a weighted average lease term (WALT) of 3.3 years and current occupancy at 64%, Redstone II presents investors with an exceptional opportunity to benefit from existing income while capitalizing on substantial upside through lease-up of remaining spaces.

The recent success of Redstone II's renovations is evident, with 40% of the existing leased space experiencing renewals within the last 18 months, comprising four tenants. This recent activity underscores the asset's growing appeal in a rising market and that tenants who move to Redstone II tend to stay at Redstone II.

Strategically located and highly visible from the I-5 freeway, Redstone II offers convenient access to both downtown Seattle and Northend communities including the best neighborhoods in the county. The Property's prime setting places it between the newly opened Mountlake Terrace and Lynnwood light rail stations. This enhanced accessibility has catalyzed economic development in the surrounding areas, directly benefiting properties like Redstone II.

As companies reevaluate their real estate strategies, many are seeking high-quality suburban locations that offer modern amenities, ample parking, and easy access to public transportation. Redstone II, accounting for almost 10% of Class A inventory in the Northend, is ideally positioned to capitalize on this shift in demand. With limited existing inventory and no new supply forecasted, Redstone II stands out as a rare opportunity for investors to acquire a best-in-class asset at a substantial discount to replacement cost. With the area's recent infrastructure improvements and the Property's modern renovations, Redstone II is well-positioned to lead the submarket in both occupancy gains and rent growth, making it a compelling addition to any investment portfolio.