Onward Investors Acquires Sammamish Park Place in Issaquah, Wash.
SEATTLE, Wash. (May 2016) – Onward Investors, a national commercial real estate investment and development firm, has acquired Sammamish Park Place, a two-building office complex located in Issaquah, Wash., near the southern end of beautiful Lake Sammamish, approximately 17 miles southeast of Seattle.
Onward Investors, which acquires value-add properties in recovering markets throughout the U.S., resolves complex issues to stabilize the properties and derive value for its investors.
Sammamish Park Place is comprised of two office buildings totaling 202,544 square feet. Building A is a two-story, 95,600-square-foot flex building built in 1987. Building B is a four-story, 106,944-square-foot office building built in 1992. Both buildings are currently vacant. Onward plans to renovate the buildings to bring common areas and tenant interiors to current Class A office market standards for multi-tenant occupancy.
Sammamish Park Place is well located at the intersection of SE 51st Street & 220th Avenue SE in Issaquah, with immediate access to I-90. The property is a high quality asset located in a desirable, amenity-rich, suburban Seattle market that offers good accessibility and flexible floor plates, accommodating either single tenant or multi-tenant occupancy.
About Onward Investors
Based in Minneapolis, Minn., Onward Investors LLC is a privately held commercial real estate investment and development firm that acquires and improves value-add properties in recovering markets for investors. Since its inception in 2011, the firm has acquired and managed more than 2.5 million square feet of commercial properties across the United States. www.OnwardInvestors.com