Crestwood Corporate Plaza sold for $23.6 million

The building was bought for nearly $5 million in 2003 and was 60% occupied at the time of its 2020 sale.

Crestwood Corporate Plaza sold for $23.6 million

Marcus & Millichap sold the Crestwood Corporate Plaza on March 4, for $23,575,000 – or $317 per square foot.

The sale indicates a continuing demand for office space on the Eastside, according to Leroy Lutu, a senior associate with Marcus & Millichap.

“Demand for Eastside office space is so strong that in order to complete the sale we needed to negotiate the purchase of the law office next door so the new owner can demolish it and create additional parking for the building,” Lutu said in a press release. “It is estimated that the Bellevue office market will triple in size by 2030. Currently, vacancy in the submarket is below 3%.”

The plaza is adjacent the Interstate 90 light rail station and was constructed in 2001. According to the press release, the tenants included technology companies and regional service officers.

The building was bought by Swift Realty Partners, a private west coast company based in San Francisco according to Lutu.

“The main tenant, Fresh Consulting, will be occupying the entire first and third floors, and they are continuing to expand and grow,” Lutu said in an email. “They may end up expanding into the entire space in the foreseeable future.”

Lutu also said they negotiated a law office next door to a 12-month lease with the sellers, as they anticipate it will take that amount of time to get the proper approvals and permits from the city before they can demolish and build a surface parking lot.

In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing

To share your opinion for publication, submit a letter through our website Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in News

Google Images
Racial disparities in bike helmet law forces decision by King County health board

On Oct. 21, the King County Board of Health discussed striking down… Continue reading

Geographic dispersion of Washington State Patrol commissioned personnel who lost their jobs Oct. 18. (Washington State Patrol)
Rather than get vaccine, nearly 1,900 state workers lose jobs

Exactly how many people will be out of work for ignoring Gov.… Continue reading

King County Courthouse adjacent to City Hall Park (courtesy of City of Seattle)
County council votes to take dangerous park out of Seattle’s hands

City Hall Park, next to the courthouse in downtown Seattle, has had multiple reports of crime.

stock image
Health care workers call on state’s hospitals to help mitigate staffing crisis

Health care workers unions claim hospitals have the resources to fix the issue.

file photo
Eastside Fire & Rescue says their response times will not be affected by absence of unvaccinated employees

Spokesperson says about 13 employees have left the department at the moment.

File photo
Do you need to pay for your COVID hospital stay?

Washington state law requires hospitals to provide free care for certain income brackets.

Stock photo
State AG Ferguson leads effort supporting local journalism

Federal legislation offers tax credits to subscribers, businesses and news organizations

Most Read