Invesco Real Estate buys creative office asset in Redmond, Wash.

Invesco Real Estate has purchased 9805 Willows, an 80,980-square-foot, creative office asset in Redmond, Wash.

The financial terms were not disclosed; however, the seller was a joint venture between Graymark Capital and Blue Vista Capital Management.

Redmond, along with the Eastside in general, has remained resilient throughout the pandemic and boasts a class A office vacancy rate of 2.6 percent as of the end of third quarter 2020.

“The Redmond market has performed exceptionally well throughout a tough year for most major markets,” said Greer. “The Eastside submarkets are outpacing the Seattle CBD for the first time in history — the Eastside has captured 76 percent of the region’s total leasing volume year-to-date, and our clients are taking note.”

9805 Willows was originally built in 1998 and is currently undergoing an extensive renovation. The creative office asset features 14-foot ceiling heights.