Equus Capital Partners has sold Highlands Campus Tech Center, a three-building, 201,866-square-foot office and flex complex, located in the Bothell submarket of Seattle, to Rialto Capital, in partnership with SteelWave, for $53.2 million. The property was 95 percent occupied at the time of sale.
The Highlands Campus Technology Center, anchored by SeaGen (formerly Seattle Genetics), a global biotechnology company dedicated to revolutionizing cancer care, was built in 1999–2000 and is situated on 13.9 acres. The Highlands Campus consists of one two-story office building and two two-story flex R&D buildings with a parking ratio of 3.5 spaces per 1,000 square feet. Since its acquisition in 2018, Equus has made improvements to the property’s parking lots, roofs, common areas and restroom upgrades.
“We are pleased to announce the sale of The Highlands Campus Tech Center and our continued success in the Eastside Seattle market,” commented Robert Butchenhart, vice
