Office at Riverpark in Redmond sells for $38.5 million

River Park/ Puget Sound Business Journal

Office at Riverpark in Redmond sells for $38.5 million

By Jeanne Lang Jones
Staff Writer- Puget Sound Business Journal 

San Francisco-based JMA Ventures has paid Clarion Partners$38.5 million for the five-story Office at Riverpark building at 15809 Bear Creek Parkway in Redmond.

The Redmond office building sold for $362 a square foot, a handsome price for a suburban office property. By comparison Los Angeles-based Kilroy Realty Corp., which is been on a shopping spree in the Puget Sound area, paid $46 million, or $377 a square foot, for the Overlake Business Center, located at 15050 N.E. 36th St. in Redmond.  Read More >>

[Comment:  Redmond City Planning classifies the downtown and Overlake urban centers as "neighborhoods." BY]