Reported yesterday by the Puget Sound Business Journal, the Bellevue Galleria has been purchased fromRT Realty Partners for $87.5M by Thor Equities. The 12 year-old, 204,000 square-foot shopping and office center is currently 99% leased.
Joe Sitt, Thor Equities’ CEO said, ‘We look forward to making the Galleria the area’s premier shopping and dining destination. Since it is situated in one of the country’s fastest growing central business districts, this property not only expands our geographic reach, but bolsters our economic strength. This is a win-win for us and any potential partners we take on.’
The Bellevue Galleria is currently home to Gene Juarez, Tap House Grill, Rock Bottom Brewery, Men’sWarehouse, and L.A. Fitness. Bungie, a video game development company most famous for the game Halo, occupies 85,000 square feet of office space too.