City Center East (Bellevue) Explained

City Center East
Building Type:Office building
Architectural Style:Modernist
Location:555 110th Avenue NE
Bellevue, Washington, US
Coordinates:47.615°N -122.1942°W
Start Date:2006
Completion Date:2009
Height:360feet
Floor Count:26
Floor Area:583000square feet
Architect:Zimmer Gunsul Frasca Partnership
Parking:1,145 stalls
References:[1] [2]

City Center East, also known as City Center Plaza, is a high-rise office building in Bellevue, Washington, US. The 26-story, 360feet tower was completed in 2009 and entirely leased by Microsoft until 2023.[3] [4] Microsoft's Bing development team as well as many AI teams were headquartered there. It is located adjacent to the Bellevue Transit Center and its sister building, City Center Bellevue, which was completed in 1986.[1] [2]

The building was originally proposed as a 34-story, 450feet office tower prior to its downsizing in 2005.[1] [2] City Center East was originally owned by Beacon Capital Partners before it was sold to Cole Real Estate Investments for $310 million in 2010.[5] [6] It was sold again to CommonWealth Partners in 2012, for $347.7 million, a 21 percent increase.[7]

Notes and References

  1. Web site: City Center East . https://web.archive.org/web/20180202012454/https://www.emporis.com/buildings/102374 . dead . February 2, 2018 . Emporis.
  2. Web site: City Center Plaza, Tower II, Downtown, Bellevue, WA . Pacific Coast Architecture Database . January 31, 2018.
  3. News: Pryne . Eric . May 2, 2008 . Microsoft to lease Bellevue's City Center Plaza . A1 . . January 31, 2018.
  4. News: Halverson . Alex . January 13, 2023 . Microsoft to let City Center Plaza lease expire, dealing another blow to Bellevue office market . . July 21, 2023.
  5. July 12, 2010 . Cole Real Estate Investments Acquires Microsoft Bing HQ in One of the Largest Real Estate Transactions of 2010 . Cole Real Estate Investments . . January 31, 2018.
  6. News: Stiles . Marc . May 14, 2010 . REIT from Phoenix is buying City Center Plaza for $310M . . January 31, 2018.
  7. News: Stiles . Marc . November 5, 2012 . Microsoft Bing HQ in downtown Bellevue sells for 21% more than two years ago . . January 31, 2018.