Market Overview

HFF Announces Sale of Willow Creek Corporate Center in Redmond, Washington

Share:

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Willow Creek
Corporate Center, a seven-building, Class A office park in the thriving
tech submarket of Redmond, Washington.

The HFF team represented the seller, and procured the buyer, Preylock
Real Estate Holdings.

Willow Creek Corporate Center comprises 421,785 square feet spread
across seven fully leased buildings. The campus is located in the supply
constrained North Redmond submarket of Seattle, just minutes from
Microsoft's world headquarters.

The HFF investment advisory team representing the seller included
Michael Leggett, Dave Otis Logan Greer and Kevin Freels.

About Preylock Real Estate Holdings

Preylock Real Estate Holdings are owners, operators and developers of
commercial and residential real estate primarily located on the West
Coast. They utilize a relative value approach to real estate investing,
identifying unique investment opportunities in highly targeted, supply
constrained markets. Generally, they seek to acquire assets that trade
at a discount to replacement cost and/or comparable assets in
neighboring sub-markets. The company is currently focused on the
acquisition of value-add and core plus office buildings in major West
Coast sub-markets. Preylock's sponsors have a combined 26 years of
commercial real estate investment experience, including experience with
institutional real estate investment partners. To date, Preylock has
acquired assets totaling approximately two million square feet,
investing approximately $700 million. For more information: preylockholdings.com.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE:HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

View Comments and Join the Discussion!