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Washington Square

Kidder Mathews marketed this development opportunity internationally, conducting dozens of in-person interviews with a wide array of developers and office users.

Project Outline

Kidder Mathews is the exclusive listing firm for the “Super Block” in Bellevue's Central Business District, named Washington Square. This 6.4 acre development project is owned by Wasatch Development Partners of Utah, which developed the first phase of Washington Square in two condominium towers. The ownership determined they wanted either a development partner or partners, or buyers, for the remaining 6.4 acres of the prime development site.

Results

Kidder Mathews has conducted an exhaustive marketing program, during a severe economic downturn and has successfully secured a developer for the remaining office-zoned land area, a sale value of approximately $69 million.

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Services Provided

  • Facility Needs Analysis
  • Site Selection Analysis
  • Financial Analysis
  • Lease Language Negotiation
  • Disposition