A discretionary investment fund managed by American Realty Advisors has sold Waterfront Place on Yarrow Bay, a 52,828-square-foot office building in Kirkland, Wash. The financial terms were not disclosed.
Broderick Group is the new owner.
Waterfront Place on Yarrow Bay is located at 5209 Lake Washington Boulevard, approximately 10 miles northeast of downtown Seattle on the east side of Lake Washington. The building is directly adjacent to the Yarrow Bay Marina and Yarrow Bay and is convenient to Interstate 405 providing north/south access throughout the area.
The property was 100 percent leased at closing to Bluetooth SIG, Inc., among other tenants.
“Office investor interest remains strong for the Seattle market given the long-term strength of the underlying market fundamentals — the booming tech market, intellectual capital and low cost of living when compared to other major West Coast markets,” said Logan Green, senior director at JLL Capital Mark
