The Washington Mutual office at 106th and NE 8th is for sale. The land, according to a recent Puget Sound Business Journal article has the land valued at $12 million.
Washington Mutual would be willing to swap for another, smaller property. According to a spokesperson for Washington Mutual, the bank is looking occupy smaller locations as a corporate business strategy.
This seems like a no-brainer that Kemper Development Co. would be interested in purchasing this piece of property, which is on the same block as their Bellevue Place property. Who knows what they would end up placing there if acquired, as it has already been planned around for the Hyatt remodel.
I’m gonna lowball them cause they desperately need cash.
That particular parcel would be of great interest to a number of people, but I’m not sure too many can say that acquisition is part of their immediate investment strategy.
I can see the advertisement flyers now: “Own a piece of the most-robbed land on the eastside.”
Yeah, didn’t the bank got robbed 2-3 times already. The big pine tree in front of the building is fantastic. Hope it doesn’t get cut down. Maybe Bellevue can use that tree as the official Christmas tree!