<a href="https://laohu8.com/S/NMRK">Newmark Group Inc.</a> Arranges Sale of Premier Class A Office Tower, Block 13, in Bellevue's Spring District to Drawbridge Realty
Newmark Group Inc. has successfully facilitated the sale of Block 13, a premier Class A office tower in Bellevue's Spring District, to Drawbridge Realty, a San Francisco-based real estate investment firm partnered with KKR/Global Atlantic. The nine-story, 212,128-square-foot property, completed in 2024 and fully leased to Meta, Inc., represents a significant acquisition in Bellevue's flourishing office market. The transaction underscores the strong investment interest in high-quality office spaces in dynamic urban environments like the Spring District. Newmark's team, led by Kevin Shannon and Alex Foshay, managed a competitive bidding process, highlighting the robust demand from both domestic and international investors. This sale is indicative of Bellevue's growing appeal as a key office market, driven by major tech tenants and vibrant mixed-use development.
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