News
Seattle Office

Hong Kong Investor And US Partner Snap Up Bellevue Buildings

Photo credit: Courtesy of Gemini Rosemont

Hong Kong-based Gemini Investments, in partnership with Gemini Rosemont of New Mexico, acquired the three-building One Twelfth @ Twelfth campus in Bellevue for an unspecified price. The last time the 509k SF property traded, back in 2004, Principal Global Investors, the real estate arm of Principal Financial Group, bought it for more than $134M.

BitTitan and VoiceBox Technologies recently inked deals for a total of more than 127k SF at One Twelfth, bringing the property to full occupancy. Gemini Rosemont CEO Michael Mahony said the company's looking for more properties in the Puget Sound market, the Puget Sound Business Journal reports.

Eastdil Secured brokered the sale. KG Investment Properties will manage the campus, which is just off I-405, while the Broderick Group will handle leasing for the new owners. [PSBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent

Boston Waterfront Property Planned For Hotel Project Put Up For Sale