By The Registry Staff

In a major deal for the Eastside investment market, Esterra Park in Redmond has been sold. According to King County public records, the property traded for $225 million, or about $910 per square foot. The buyer was an entity affiliated with Los Angeles-based Preylock, a commercial real estate acquisition, development and management firm. The seller was an affiliate of PGIM, the real estate investment arm of insurance and financial services giant Prudential Financial.

The 247,000-square-foot Class A property, located at 15550 NE Turing St in Redmond, was developed by Capstone and is fully leased to Microsoft. The asset was listed for sale earlier this year. The building, which began construction in June 2019 and completed office shell construction in December 2020, f

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