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Invesco Real Estate acquires Bravern Office Commons in Bellevue leased to Microsoft
Transactions - JANUARY 7, 2020

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Invesco Real Estate acquires Bravern Office Commons in Bellevue leased to Microsoft

by Andrea Zander

Invesco Real Estate has acquired two class A office buildings within the broader Bravern mixed-use development in the CBD of Bellevue, Wash.

The sales price was not disclosed; however, the purchase price was $585 million, according to several media reports.

The office buildings have been acquired from Principal Real Estate and PNC Realty on behalf of one of Invesco Real Estate's institutional separate account clients.

The offices are 100 percent leased to the Microsoft Corp.

Chris Cole, senior director, transactions at Invesco Real Estate commented, "This is a premier mixed-use asset comprising office, retail and residential. The office space provides a tremendous environment for Microsoft's employees and we look forward to a long-term relationship with this outstanding tenant. The Bravern is a good example of a true live/work/play environment and will soon be adjacent to

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