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Jan. 21, 2013

Rockefeller Group, Sterling Realty Plan Bellevue Office Complex

By Alex Girda, Associate Editor

New York-based real estate company The Rockefeller Group is partnering with local entity Sterling Realty Organization on development of a 2.4 million-square-foot mixed-use office-and-retail complex on a 5.5-acre lot owned by Sterling Realty and located in Bellevue’s downtown area. The project will progress in phases, based on demand.

Located between NE Eighth Street and 106th Avenue, next to the Pedestrian Corridor and  Key Bank, the site comprises five adjacent land parcels. According to the partnership, the earliest drafts of the plan call for a three-tower office complex on top of retail space. It will also include a public area featuring a number of top cultural amenities.

Rockefeller Group President & CEO Kevin Hackett said Bellevue “has become a dynamic ’24/7’ city – the type of vibrant urban environment on which our company has always focused when seeking office development and investment opportunities.” The Rockefeller Group is an 85-year-old entity that owns, develops and invests in real estate assets, with a portfolio that includes 7 million square feet of Class A office properties.

Image courtesy of Jelson25 via Wikimedia Commons. 

Turn to CPExecutive.com for more on this deal.

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