Newmark, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Bellefield Office Park (the “Property”) – a fifteen building, highly amenitized and programmed office park located less than one mile from downtown Bellevue. Comprised of 507,918 RSF across seven single-tenant buildings and eight multi-tenant buildings on a unique ±56-acre campus, the Property offers investors the opportunity to acquire a cash-flowing asset at an incredible basis in the Puget Sound’s premier suburban submarket.

The irreplaceable park-like setting coupled with the proximity to downtown Bellevue, 8,500+ multi-family units, and Light Rail access creates a true live-work-play environment. Bellefield offers tenants numerous on-site campus amenities, abundant parking, and immediate access to multiple transportation options. Furthermore, Bellefield has the unique ability to offer tenants a wide array of spaces ranging from small spec suites to entire buildings. With ± 10% market vacancy in the suburban Bellevue submarket and over 1.5M SF of active tenant requirements seeking eastside suburban office space, Bellefield is strategically positioned to capture a wide array of displaced tenants relocating outside of the urban core.

At 79.5% occupied with 4.9 years of weighted average lease term, Bellefield offers investors the opportunity to acquire a cash flowing asset at a reset basis. With ± $60M of capital invested since 2012, new ownership will benefit from reduced leasing and capital costs while implementing a thoughtful leasing strategy to stabilize the Property.