Centurion Finance is a Bellevue, WA based real estate investment and management firm run by Aaron Hazelrigg, Nicole Hazelrigg Kelly and Mike Henry. The seller was the original developer, Raymond Hoch.

Centurion used a $70.9 million, three-year loan from GE Real Estate to acquire five buildings, four office buildings and one residential building. The fixed-rate financing included $67.5 million for the acquisition and $3.5 million for tenant improvements. Industry sources tell GlobeSt.com that Centurion paid $2.5 million to acquire the purchase contract from a third party and then paid the seller $72.5 million for the property.

"The buildings are investment grade quality leased to an investment grade type of tenant with a long tenure and significant financial investment in the site," says Kyle Williams, GERE's western region senior director in a prepared statement. GERE's western region managing director Jack Inglis says the company is working to "rapidly" grow its footprint in the Pacific Northwest, which is sees as a "significant growth opportunity."