Washington State: Hines Buys Office Project

Civica Office Commons

In Bellevue, Wash., Hines, the Houston-based real estate firm, purchased Civica Office Commons, a 323,562-square-foot Class A office project in Bellevue, Washington.

Developed in 2001, Civica consists of a two-building portfolio connected by a common atrium. The buildings are six and eight stories with a total of 323,562 sq ft of office space.

“The Bellevue submarket continues to be the region’s strongest submarket,” Hines Senior Managing Director Ty Bennion said. “Civica is one of the top office assets in Bellevue.”

The portfolio is 89.9 percent leased with tenants, including: Cornerstone Advisors; MetLife; Microsoft; Morgan Stanley; Waggener Edstrom; and Wells Fargo Bank.