Newmark Group Inc. Arranges Sale of Premier Class A Office Tower, Block 13, in Bellevue’s Spring District to Drawbridge Realty

Reuters

2025/06/25

<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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief on June 23, 2025, and is solely responsible for the information contained therein.

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Arranges Sale of Premier Class A Office Tower, Block 13, in Bellevue’s Spring District to Drawbridge Realty","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <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\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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Arranges Sale of Premier Class A Office Tower, Block 13, in Bellevue’s Spring District to Drawbridge Realty\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-25 01:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <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\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        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. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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