Investment sales in the commercial real estate market continue to be bullish in Downtown Bellevue as the Washington Mutual Plaza and the Key Bank building have both sold this month. Washington Mutual Plaza located at 118 106th Ave NE was built in 1995. The 96,691 square feet of office and retail space sold for $41.1 million.
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Key Bank located at 10655 on NE 4th Street was built in 1971 and consists of 96,009 square feet of office space.
In addition, Dex once rumored to be relocating to City Center Plaza announced that the company will be renewing its existing lease at Sunset Corporate Campus along the I-90 corridor. Also, ING (former Sharebuilder) has also been rumored to be relocating to City Center Plaza. Now the company appears to be contemplating a move to Seattle rather than Downtown Bellevue. City Center Plaza which is currently under construction is scheduled to be completed during the second quarter of this year and is currently the only building in the Bellevue CBD under construction with available office space.