Onward Investors Acquires Bellevue Office Building

SEATTLE, Wash. (June 2016) – Onward Investors, a national commercial real estate investment and development firm, has acquired the former AAA office building, located in Bellevue, Wash., just east of downtown Seattle and Lake Washington.

The building has been owned, maintained and occupied by AAA Washington since 1994. The property is situated in the Bellefield Office Park, near Bellevue’s downtown, I-405 and I-90, providing multiple direct links to Mercer Island, Seattle, and Issaquah. The distinctive Bellefield office park consists of 65 acres and 16 buildings totaling 507,000 square feet.

The office building is located in a park-like setting which is well known in the market, offering large floor plates for flexible leasing layouts. It also features covered parking, an onsite fitness center and cafeteria amenities.

Onward Investors has been involved in the greater Seattle area for years. In May 2016, Onward sold the Westview 522 business campus in Woodinville, Wash. Pine Forest Properties, Inc., a Washington corporation, purchased the campus for $32,200,000. The same month, Onward acquired Sammamish Park Place, a two-building, 202,544 square-foot office complex located in Issaquah. In 2011, Onward also acquired Commencement, a 62-unit, luxury apartment complex in Rustion. The firm sold the property in 2013.

About Onward Investors
Based in Minneapolis, Minn., Onward Investors LLC is a privately held commercial real estate investment and development firm that acquires and improves value-add properties in recovering markets for investors. Since its inception in 2011, the firm has acquired and managed more than 2.5 million square feet of commercial properties across the United States. www.OnwardInvestors.com