The Bravern office towers are for sale once again.
Principal Real Estate Investors purchased the two towers for $410 million in 2010. Now it’s looking for a buyer for the 750,000-square-foot project, according to a brochure. The listing includes a 3,100-stall parking garage.
The brochure advises that buyers can assume Principal’s $205 million interest-only loan on the towers that matures in 2021.
The Bravern towers, which are 100 percent leased to Microsoft, stand on the south side of Northeast Eighth Street in downtown Bellevue.
Maybe Amazon can continue its purchase spree
I’m glad I’m no longer a resident at this place. An separate owner for the parking lot, commercial buldings, office tower and residential tower leaves little to no continuity among the entire complex.
those shops have to be struggling a little bit as well.
I’ll take two!
In other news, Kemper Freeman is starting Lincoln Expansion project.
Bravern was ill-conceived and stillborn, which is unfortunate because it is a nice project. Just too far off the core – and does not get to critical mass to be viable.