JLL, as exclusive advisor, is pleased to present Creekside Crossing, a dynamic retail community center directly adjacent to Redmond Town Center, a thriving regional lifestyle center. The 100% occupied leasehold interest has an excellent roster of local, regional and national retailers. This institutionally operated property offers investors immediate stable cash flow, as well as upside through rent growth in a strengthening market.

The property has prominent frontage along Redmond Way with traffic counts exceeding 35,000 vehicles per day. Creekside Crossing is a 33,859-square-foot community retail destination with multiple national and regional credit tenants such as Baskin Robbins, Papa Murphy’s. Jersey Mike’s, Great Clips, Overlake Medical Clinics and C2 Education Systems.

Multi-Tenant Retail Investment Opportunity

Creekside Crossing3.42 Acre Site I 33,859 Square Foot Retail Center

Exclusive multi-tenant investment opportunity I 17181 Redmond Way I Redmond, WA

The Offering Address 17181 Redmond Way

Product Type Retail community center

Square Footage 33,859 square feet

Site Size 148,958 square feet / (3.42 acres)

Year Built 1996

Occupancy 100%

Tenants

Baskin Robbins, Everything Party, Fatburger, Hyderabad House, Papa Murphy’s, Great Clips, Overlake Medical Clinics Urgent Care, C2 Education Systems, Sound Credit Union, Jersey Mike’s, 30/10 Weight Loss

• Stable income stream, the property is 100% occupied with an ideal mix of strong local and national tenants.

• Amazon-proof roster with 65% of the tenant base being food, medical or service-based companies, which have little exposure to e-commerce.

• Premium location in the heart of Redmond, one of the most affluent cities in Washington, directly adjacent to Redmond Town Center.

• Excellent market fundamentals with a current market vacancy of just 2.7% and upward trending market rental rates in a supply constrained market.

• Easily accessible from any direction due to its proximity to SR-520 and Redmond Way.

• World headquarters for Microsoft, the City of Redmond is home to several other tech companies including AT&T Wireless, Nintendo of America and Honeywell.

• Proximity to major transit hub, within four blocks from the Redmond Transit Center a major connector served by King County Metro and close proximity to a future Light Rail Station scheduled to open in 2024.

Investment Highlights

202REDMOND WAY

Storage

Retail / Restaurant

Site PlanPopulation Increase

since 2010

11%

Vacancy Rate

2.7%

Vehicles per day

35,000

Median household income

$105K

Square Feet of Retail Space in Redmond

3.3M

SEATTLE

SEATTLE

B01

A01 A03

A06A

A06B

A07

A08 A0

9A1

1

A15

A13

SUITE TENANT SF SUITE TENANT SF

A01 Fatburger 1,880 A09 Baskin Robbins 1,073

A03 Everything Party 11,069 A11 JMKM Holdings, LLC (30/10) 1,400

A06A C2 Educational System 2,174 A13 Jersey Mike’s 1,409

A06B Sound Credit Union 2,135 A15 Great Clips 1,174

A07 R&R Bistro (Hyderabad House) 2,091 B01 Overlake Medical Clinics 6,304

A08 Papa Murphy’s 1,521 Storage Redmond Town Center 1,629

TOLK T TOTAL SQUARE FEET 33,859

Bellevue

Creekside Crossing

2 0C R E E K S I D E C R O S S I N G Offer ing Memorandum

costco

spacex

Aerial view

520

Market overview

Bear Creek Shopping Center

Marymoor Park

Microsoft

at&t

Redmond Town Center

Creekside Crossing

601 Union Street, Suite 2800Seattle, Washington 98101

Tel: +1 206 607 1700 Fax: +1 206 607 1701 jll.com/seattle

Market and AmenitiesRedmondThe Redmond CBD is one of two designated regional growth centers in Redmond. Today it is home to nearly 42,000 residents and more than 30,000 jobs. Downtown is targeted to accommodate one-third of Redmond’s planned housing growth through 2030. The Puget Sound Regional Council is estimating that Redmond’s CBD population will grow by 12% to 46,409 in 2030.

Creekside Crossing is strategically located next to downtown Redmond and near a number of major companies currently driving the market. The property offers immediate access to SR-520, which puts the asset within quick and easy reach of the greater Puget Sound Region. Total regional employment has reached a new peak of 2.1 million jobs, representing full employment thanks to an extremely low unemployment rate of 3.7%.

Further accessibility will come with the passage of Sound Transit 3 (ST3), which will bring light rail to downtown Redmond by 2024. The city’s hotspots are all around, from bars, restaurants, retail and grocers to recreation and entertainment options aplenty. Notable attractions include Redmond Town Center, Marymoor Park and the Burke-Gilman / Sammamish River Trail. All are accessible via wide pedestrian-friendly sidewalks and bike accommodating roadways.

LORI HILLManaging DirectorCapital Markets - Investments+1 206 971 7006lori.hill@am.jll.com

MARK THYGESENVice PresidentCapital Markets - Investments+1 206 607 1737mark.thygesen@am.jll.com

Investment sales

RAY ALLENManaging DirectorCapital Markets - Finance+1 206 607 1788ray.allen@am.jll.com

Financing

Contact information