Acquisitions

Mercer Pointe, Bellevue, Washington

January 26, 2018
Office

1745 114th Avenue Southeast, Bellevue
Purchased: 2018

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Mercer Pointe, a 71,329 sf class A office building in Bellevue, a dynamic sub-market of Seattle.  Originally constructed in 1983 and completely renovated in 2017, the property is 100% leased to OfferUp, a leading internet technology company providing an online marketplace for local buying and selling.

Special Thanks To:

  • Brokers – Lou Senini & Tom Pehl (CBRE)
  • Financing – Brian Bonipart, Michael Taylor & Skip Slavin (Newmark Realty Capital)

For more information, please contact any of the following:

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”