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Kirkland 405 Corporate Center Buildings Go On Market

Kirkland Corporate Center's buildings A1 and A2 are for sale.

Kirkland 405 Corporate Center buildings A1 and A2 went on the market last week. The three-story buildings, totaling 130,390 SF of office space, are 98% leased. JLL expects the asking price could exceed $40M.

The buildings are in an area known for its high-tech companies. Corporate offices in Kirkland include Google, GoDaddy, Bluetooth and Nintendo. Office vacancy is 5.9% and the market lacks large blocks of space. Rents have increased 5.8% year to date, according to JLL.

“Due to the rapid growth happening in the suburban Eastside office market, Kirkland is a highly sought-after location among leading employers looking at the Pacific Northwest,” JLL Managing Director Lori Hill said in a statement. “Nearly at capacity, this opportunity offers stability as well as tremendous upside potential from below market rents.”

JLL is representing the seller, an institutional investor.