Washington Federal Bank sold their corner property in downtown Bellevue to Clarion Partners for $53.5 million, as first reported by Puget Sound Business Journal. The site site is located at 400 108th Avenue Northeast.
Clarion Partners is a real estate investment group that is headquartered out of New York. Their newly purchased site is estimated to be the highest dollar amount that anyone has ever paid for a downtown property per square foot.
The property is located across the street from an Amazon-leased building and down the street from Bellevue Corporate Plaza, the first purchased building by Amazon for $194.9 million. This included the 10-story office building along with an adjacent two-story 650-stall parking structure.
The Washington Federal building is a seven-story building, made up of about 86,200 square feet.