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Civica Management Goes to Colliers

BELLEVUE, WA-The New York firm that paid $175.7 million for the fully leased Downtown office property here earlier this month taps Colliers International to manage the property.

By Brian K. Miller | Updated on October 25, 2006

BELLEVUE, WA- Colliers International’s Puget Sound Real Estate Management Services has been tapped to manage Civica Office Commons, a Downtown class A office development here that changed hands earlier this month for $175.7 million. Civica is Colliers’ first building management contract in Bellevue, the region’s healthiest office market.

Built in 2001, Civica Office Commons consists of two mid-rise office towers totaling 305,835 sf joined by a glass atrium “living room” at 108th Avenue Northeast and Northeast Second Street. It is fully leased at an average annual rent of about $31 per sf to 23 tenants including Microsoft, Wells Fargo, MetLife, Morgan Stanley and Anheuser-Busch.

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