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July 28, 2021

Capstone pays over $32M for Bellevue site, flips from condos to office plan

Real Estate Editor

The location on 108th is a short walk to the future light rail station, which opens in 2023.

Capstone Partners and financial partner PGIM have paid $32.5 million for a downtown Bellevue development site at 305 108th Ave. N.E. That’s where seller Fana Group had been planning ParqHouse, a 33-story, 274-unit condominium tower. That plan now appears to be dead.

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