Hines, the international real estate firm, announced today that it has acquired Civica Office Commons, a 323,562-square-foot Class A office portfolio in Bellevue, Washington.
Developed in 2001, Civica consists of a two-building portfolio connected by a common atrium. The buildings are six and eight stories, respectively, and total 323,562 square feet of Class A office space.
On-site amenities include a concierge, Seastar restaurant, Starbucks, a Wells Fargo bank branch, hotel-style valet parking, a fitness center with lockers and towel service, and state-of-the-art conference facilities.
Hines Senior Managing Director Ty Bennion noted, “The Bellevue submarket continues to be the region’s strongest submarket.
With its wealth of amenities, high-quality building materials and beautifully landscaped grounds, Civica is one of the top office assets in Bellevue.”
The portfolio is 89.9 percent leased to a number of world-class tenants, including:
Cornerstone Advisors; MetLife; Microsoft; Morgan Stanley; Waggener Edstrom; and Wells Fargo Bank, NA.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s portfolio of projects that are completed, acquired or underway includes 1,163 properties representing more than 389 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 402 properties totaling 170 million square feet, which includes 96.5 million square feet for third parties. With offices in 121 cities in 19 countries, and controlled assets valued at approximately $30.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.
Civica Office Commons