December 23, 2019 - Trinity Real Estate (TRE), in partnership with a Seattle-based family office, is pleased to announce the recent acquisition of the Kirkland Lake Office Building.
The Kirkland Lake Building is located in the downtown center of Kirkland right off of a main arterial. Some nearby amenities include numerous shops and restaurants within immediate walking distance, a marina, as well as the Kirkland waterfront park. Major employers in the nearby area include Google and Tableu. There has been increased development in the area with the addition of Kirkland Urban and various apartment complexes.
The Kirkland Lake Building was built in 1929 and renovated in 1990. The 3 story 30,000 ft2 property provides numerous office and retail units that currently cater to a variety of clients. The existing office tenants of the property include Lake Washington Psychological Services, Rescue: Freedom International, 10th Magnitude, BG INC, r & r marketing resources. The commercial and retail tenants include Wild Rover, the Blade Gallery, Athina Floral, and Marina Park Saloon.
“We are pleased to have acquired such a strategically located east -side property and to be assisting our client in the early stages of building an attractive commercial real estate portfolio.” Commented, Pete Stone, Trinity Real Estate Partner.
TRINITY REAL ESTATE
Trinity Real Estate provides comprehensive, personalized real estate services and investment strategy to West Coast family offices and institutional investors. TRE’s hands-on, high touch, and full-service approach has led to the management, development, and repositioning of more than $3 billion in assets since its founding in 2001. These assets span all sectors of the real estate market including office, industrial, multifamily, hospitality and mixed-use. Currently, TRE has $300 million of assets under management and over $100 million of advisory assignments. TRE’s objective is to create, enhance, and preserve real estate assets that produce strong long-term returns for its clients.
TRINITY REAL ESTATE
Pete Stone | Managing Partner