Mercer Pointe is situated in the 65-acre Bellefield Office Park, which consists of 16 buildings totaling 507,000 square feet. Photo courtesy of Onward Investors

OfferUp leases entire office building in Bellevue for new headquarters

Onward Investors, a national commercial real estate investment and development firm, has leased 100 percent of its 71,329-square-foot Mercer Pointe office building in Bellevue to OfferUp, a Seattle-based online marketplace.

Onward Investors, which acquires value-add properties in markets throughout the U.S., resolves complex issues to stabilize the properties and derive value for its investors.

Mercer Pointe is situated in the 65-acre Bellefield Office Park, which consists of 16 buildings totaling 507,000 square feet. OfferUp (www.offerup.com) currently leases a 17,000-square-foot office next door to Mercer Pointe in the office park.

Last year, Onward Investors acquired Mercer Pointe, the former AAA office building property, and has completed construction to make improvements to fit OfferUp. Renovations included remodeling of the entry lobby and common areas, vacancy preparation and select improvements to the building exterior. The building also features covered parking. Additional improvements will include an onsite fitness center, cafeteria and break room.

Founded in 2011, OfferUp’s online buying and selling service has experienced tremendous growth, with over $14 billion dollars of transactions in 2016 alone. The company also has doubled its staff in the past year to more than 200 employees.

“Our team could not be more excited to move to Mercer Pointe,” said Nick Huzar, OfferUp’s cofounder and CEO, in a news release. “Onward Investors has created a beautiful space that will enable us to accommodate our growing company. We have a tight knit team at OfferUp and was essential to find a home that will help us do our absolute best work. Mercer Pointe is just that.”

Onward Investors has been involved in the greater Seattle area for years. In May 2016, Onward sold the Westview 522 business campus in Woodinville, Wash. Pine Forest Properties, Inc., a Washington corporation, purchased the campus for $32,200,000. The same month, Onward acquired Sammamish Park Place, a two-building, 202,544 square-foot office complex located in Issaquah. In 2011, Onward also acquired Commencement, a 62-unit, luxury apartment complex in Ruston. The firm sold the property in 2013.

OfferUp currently leases a 17,000-square-foot office next door to Mercer Pointe in the office park. Photo courtesy of Onward Investors

More in Business

Why the month of October has bad business reputation

A monthly business column by Mercer Island financial adviser Bob Toomey.

Bellevue real estate market transitions into fall

A monthly real estate snapshot from John L. Scott Real Estate.

Change to U.S.-backed condo loans comes as summer market wraps up

A monthly real estate snapshot by John L. Scott Real Estate.

From left, Kaavya Manam, Emerson Schrider and Ellen Chang of Happy Bubbles sold handmade bath and body products at the Children’s Business Fair in Bellevue on Aug. 31. Stephanie Quiroz/staff photo
Eastside youth entrepreneurs set up shop at Children’s Business Fair

Youth entrepreneurs donate a portion of their proceeds to charity of choice.

Overlake Hospital’s new operating rooms allow for cutting-edge heart procedures

Spacious rooms allow for more equipment, innovation and collaboration.

Courtesy photo
                                Mercer Island financial adviser Bob Toomey recently summited Mount Shasta in California.
Financial success and mountaineering | Financial advice

The steps to achieving financial success mirror mountain climbing.

Selection and ‘healthy’ sales characterize local market

A monthly real estate snapshot from John L. Scott Real Estate.

Senior city staff at Bellevue teach the Bellevue Essentials courses each year, passing on years of knowledge to up-and-coming community leaders. city of Bellevue/courtesy photo
Bellevue opened applications for seventh annual Essentials course

The course is a civic engagement program that takes place over nine weeks starting in September.

Eastside business booms with summer options

Locals can visit numerous new developments this summer, all within Eastside communities.

Molly Moon’s will soon open a walk-up shop in downtown Bellevue. Courtesy of Molly Moon’s
Molly Moon’s to offer walk-up shop in Bellevue

The homemade ice cream company is expanding on the Eastside to downtown Bellevue.

Rates and inventory bring opportunities for buyers

A real estate snapshot by John L. Scott Real Estate.

Bellevue Chamber of Commerce / courtesy photo
                                (From left) store lead David Heimann, Bellevue store manager Brody Rodgers and store lead Kirby Fralick. celebrate at the Bellevue Tempur-Pedic flagship retail store ribbon cutting on March 7.
Tempur-Pedic opens a flagship location in Bellevue

The store is the company’s 42nd location in the United States.