“Tenants are looking for high-quality office buildings and South King County offers lower lease rates than Seattle and Bellevue. With the growing workforce who live in the Kent Valley, Creeksides offers an excellent corporate office feel without being a converted industrial warehouse. For many of the people working at Creeksides, it provides a metropolitan office environment just minutes from their homes,” added Lott.

Creeksides is within close proximity to Kent’s retail core, restaurants and hotels, and it is within five minutes of the Seattle-Tacoma International Airport. With the large population of residents in the Renton Highlands and Maple Valley neighborhoods, Creeksides offers bonus accessibility for tenants and employees.

“The Southend submarket offers a different price point compared to the suburban Bellevue submarket. It is highly sought after by companies who are looking for access to high-quality labor in a less expensive rental market,” Lott tells GlobeSt.com. “Creeksides provides a high-end suburban office feel in close proximity to labor, transit and does so in a park-like setting but with a more competitive rental rate. From a portfolio standpoint, it augments our other holdings because it has the same high-end real estate feel, but it’s geographically diverse.”

Creeksides is currently 97% leased to a diverse roster of long-term tenants including Naverus–GE Aviation, the state of Washington–the Department of Health, and the Department of Social and Health Services, Integra Telecom Holdings, Blue Nile and Iron Bow Technologies.

Lott says Lake Washington Partners plans to invest in the property to further enhance the building’s amenities.

“With close to 1,000 people working at Creeksides, we plan to enhance the offerings in food and beverage, fitness and gym, the common areas, and in the meeting and break-out spaces,” Lott tells GlobeSt.com.

Lake Washington Partners was represented by Mike George and Scott Sulman of NAI Puget Sound Properties.