Sitting on 41 acres of park-like landscape along the Sammamish River, The Westpark Portfolio is a business campus that comprises 19 freehold office buildings and two freehold industrial buildings in the Eastside of Seattle.
The property serves a diverse array of tenants including tech and industrial start-ups as well as established companies such as Meta, Walmart and Pokémon.
Located adjacent to downtown Redmond, the campus enjoys easy access to major transit routes including State Route 520, Interstate 405 and the Redmond Transit Center, allowing companies to recruit across the greater Puget Sound region. The campus’ amenity centre includes a modern lounge, conference facilities and a fitness centre for tenants to enjoy, as well as scenic walking paths along the river.
Key Statistics
US$224.0M Valuation as of 31 December 2023
783,653 SF Net Lettable Area
95.9% Committed Occupancy as of 31 December 2023
-1.5% Previous 12 Month Rental Growth(1)
-7.1% Projected Rental Growth(1)
Freehold Land Tenure
(1) Refers to average submarket office rent.
Source: CoStar Office Report, December 2023.