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Press Releases

KBS Renews More Than 25,000 Square Feet in Leases at Ridgewood Corporate Square

  • July 13, 2018
Press Releases

KBS Renews More Than 25,000 Square Feet in Leases at Ridgewood Corporate Square

  • July 13, 2018
BELLEVUE, Wash. (July 13, 2018) – KBS Realty Advisors of Newport Beach, California, announced today the renewal of 25,812 square feet in leases at Ridgewood Corporate Square in Bellevue, Washington. Guild Mortgage Company, an independent mortgage lender specializing in residential home loans, and Hormel Food Sales, a nationwide company, both renewed their leases at the property.

Ridgewood Corporate Square is a seven building, Class A
office park on over 14 acres of land, with 242,261 square feet of rentable
space and nearly 1,000 parking spaces in surface lots and underground parking
garages. On-site amenities include a conference center, café/deli, outdoor courtyard
and fitness center with locker rooms and showers.

The office park is strategically located just a half mile
from downtown Bellevue at 150-330 120th Avenue, NE and 11900 NE 1st Street.
While Ridgewood Corporate Square is easily accessible to interstates 90 and
405, the property is also close to walking trails at Wilburton Hill Park.
Tenants at the property have a variety of dining, shopping and entertainment
options, including the Hillfair Shopping Center, Bellevue Arts Museum and
Bellevue Botanical Garden.

“The decision by Guild Mortgage Company and Hormel Food
Sales to renew their leases is a testament to the great relationships we build
with our tenants and the desirability of Ridgewood Corporate Square,” said
Clint Copulos, senior vice president for KBS and asset manager for the
property. “The property’s prime location and numerous amenities continue to
attract leading companies.”

Brian Kelly of Washington Partners represented Guild
Mortgage Company, Brandon Burrowes of CBRE represented Hormel Food Sales and
Scott Davis of CBRE represented KBS in the transaction.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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