Jones Lang LaSalle Incorporated : Single-tenant office building in Redmond trades hands

SEATTLE - Jan. 6, 2021 -JLL Capital Markets announced today that it has closed the sale of 9805 Willows, an 80,980-square-foot, creative office asset in Redmond, Washington.

JLL worked on behalf of the seller, a joint venture between Graymark Capital and Blue Vista Capital Management, and procured the buyer, Invesco Real Estate.

Redmond, along with the Eastside in general, has remained resilient throughout the pandemic and boasts a Class A office vacancy rate of 2.6% as of the end of third quarter 2020.

'The Redmond market has performed exceptionally well throughout a tough year for most major markets,' said Greer. 'The Eastside submarkets are outpacing the Seattle CBD for the first time in history-the Eastside has captured 76% of the region's total leasing volume YTD, and our clients are taking note.'

9805 Willows was originally built in 1998 and currently undergoing an extensive renovation. The creative office asset features 14' ceiling heights.

The JLL Capital Markets team was led by Senior Director Logan Greer, Senior Managing Directors Gerry Rohm and Michael Leggett and Associate Kaden Eichmeier.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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