Newmark advises KBS on sale of Offices at Riverpark in Redmond, Washington
NMRK•Newmark advised KBS on the sale of Offices at Riverpark, a 107,029-square-foot property in Redmond, Washington, and arranged acquisition financing. The building was approximately 86% leased at the time of sale.
1. Property sale
Newmark announced it advised KBS on the sale of Offices at Riverpark in Redmond, Washington. A joint venture between Palisade Group and Olive Point purchased the property, and Newmark arranged acquisition financing.
2. Building details
The five-story Class A office and medical office building spans 107,029 square feet and was approximately 86% leased at the time of sale. Built in 2008, it received nearly $2 million in capital improvements during KBS' ownership.
