Northview Center is located just north of Seattle in the rapidly growing city of Lynnwood, WA. The entire site consists of four parcels containing a 182,000 SF Class A suburban office building, a two-story structured parking garage, and a 3-acre surface parking lot. Originally constructed by the Boeing Company, Northview Center is one of the few Class A office assets in the city of Lynnwood. The site is about a half mile from the to-be-delivered Link Light Rail station at the end of 2024 and is located just two miles from the popular Alderwood Mall shopping center.
The property is well positioned to capitalize on post-COVID office leasing trends as businesses move outside of the Seattle core and target higher quality spaces closer to their employees’ residences. The property was 75% occupied when it was acquired and provides an attractive lease-up opportunity.
Northview Center and the adjacent parking structures are located in a federally designated Opportunity Zone.