Skip to main content

Originally published January 14, 2014 at 4:25 PM | Page modified January 15, 2014 at 1:05 PM

  • Share:
  • Comments (0)
  • Print

Bellevue office buildings sold for $43 million

A big chunk of Corporate Campus East, a suburban office park north of downtown Bellevue west of Interstate 405, was sold Tuesday for $43.4 million, county records show.

Seattle Times business reporter

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >


More than half of Corporate Campus East, a suburban office park north of downtown Bellevue, was sold Tuesday for $43.4 million, county records show.

The Illinois teachers’ retirement system sold two parcels consisting of four buildings and adjacent parking lots to Realty Associates Fund X LP, records show. The fund is an affiliate of Boston-based TA Associates Realty, a private real estate adviser that says it manages 91 million square feet of commercial real estate nationwide.

The four buildings — Buildings E, F, G and H — total about 154,000 square feet and are 9 percent vacant, according to An affiliate of the Illinois teachers’ retirement system acquired the property in 1984 for $3.9 million and developed the office buildings.

The office park is near State Highway 520 and west of Interstate 405, minutes from downtown Bellevue.

According to commercial real-estate data provider CoStar, the anchor tenants in Corporate Campus East III are Walla Walla-based Banner Bank, which leases 30,500 square feet, and Bellevue engineering firm Wood Harbinger, which leases about 25,000 square feet.

To the west, Corporate Campus East — Buildings A, B and C — was not part of Tuesday’s sale. The Illinois State Board of Investment owns those and acquired them in 2006 from an affiliate of Seattle-based HAL Real Estate Investments for $38.6 million, records show.

Sanjay Bhatt: 206-464-3103 or On Twitter @sbhatt

News where, when and how you want it

Email Icon

 Subscribe today!

Subscribe today!

99¢ for four weeks of unlimited digital access.



The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited content access is included with most subscriptions.

Subscriber login ►