Overview

This 27-story, steel-frame skyscraper was completed in 1986 by the Koll Company of Irvine, CA.

Building History

The Koll Company erected City Center Plaza I originally in the mid-1980s. The Chicago, IL-based real estate investment trust, Equity Office Properties Trust, controlled by Samuel Zell (born 1941), bought this office building on 01/28/1999 from the Northwestern Mutual Life Insurance Company for $103.4 million in cash. Additionally, Zell's group paid $12.5 million for two adjoining lots used for ground level parking for a total of $115.9 million. At the time, Equity Office Properties Trust owned City Center Plaza and Three Bellevue Center, which was then under construction, giving it control of about 45% of Downtown Bellevue's office space. Equity Office Properties Trust was later purchased by the New York-based Blackstone Group in a highly publicized takeover in 02/2007.

Between 2006-2009, developer Wright Runstad collaborating with Boston-based Beacon Capital Properties would build City Center Plaza II on the two adjacent parking lots.

By 2018, the building was owned by American Assets Trust, Incorporated, of San Diego, CA. It paid $228,765,000 to an entity called City Center Bellevue Property LLC on 08/21/2012.

Building Notes

In 1999, the Seattle Timescalled the City Center Plaza Office Building "... one of the most prestigious addresses in downtown Bellevue." (See Keith Ervin, "Sam Zell's Firm Purchases City Center Bellevue,"Accessed 05/10/2011.)

In 2018, the City Center Building occupied a 75,442-square-foot (1.73-acre) site. It contained 723,028 gross square feet, 494,658 net.

The City Center Tower attained a LEED Gold rating.

Alteration

Significant alterations to the property occurred in 2000.