Intracorp Buys Adaptive-Reuse Office in Bellevue’s Eastgate for $18M

Cushman & Wakefield announced the firm arranged the sale of a 60,423-square-foot office building on a ±3.66-acre parcel in Bellevue, Washington. Located at 3190 160th Avenue SE and adjacent to Interstate 90 on and off ramps, this property is situated in the city’s Eastgate neighborhood. Constructed in 1982 and previously leased to the Washington Department of Ecology for several decades, it was fully vacant at time of sale when it was acquired by Intracorp – an experienced homebuilder with nearby offices in Seattle and Vancouver – along with its equity partner HAL Real Estate for $18 million.
Pat Mutzel from Cushman & Wakefield’s Private Capital Group (Puget Sound) collaborated with Jeffrey Cole, Jeff Chiate, Bryce Aberg , Mike Adey , Nico Napolitano , Zach Harman from their West Coast Capital Markets Group to represent the seller – a private high net worth investment group – during this transaction .
Intracorp has recently acquired an adaptive reuse office located within Bellevue’s Eastgate neighborhood for $18M .