Hines buys more land in Bellevue | Business briefs

Hines buys PSE headquarters; Martin Mosbacker is an Ameriprise Financial Private Wealth Advisor.

Hines buys more land in Bellevue

Hines, the Texas-based real estate developer that is planning to build a mixed-use development  in Mercer Island, has bought the Summit office complex, a 3.5-acre property at N.E. 4th Street and 110th Avenue N.E. in downtown Bellevue. The property is the home of the headquarters of Puget Sound Energy.

The Puget Sound Business Journal reported the price was $320 million. The developer plans to build a 330,000-square foot office tower.

Hines paid $205 million for another Bellevue office complex recently called Civica Office Commons, just south of the Summit block at  110th Avenue N.E. and N.E. 2nd Street.

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Hines is planning to develop a 1.7 acre block in Mercer Island’s Town Center that would include between 215-230 residential units and over 14,625 square feet of commercial space.

 

Mosbacker is Wealth Advisor

Martin Mosbacker has become an Ameriprise Financial Private Wealth Advisor.

Mosbacker, with an office in Mercer Island, is one of approximately 10 percent of the nearly 10,000 Ameriprise financial advisors to achieve this status.

As an Ameriprise Private Wealth Advisor, Mosbacker is focused on providing personalized advice and financial solutions for clients with high asset levels. He is knowledgeable on a variety of topics and strategies including retirement, tax and estate planning, insurance and asset management. Mosbacker, Lee & Associates office is located at 9725 SE 36th St, Ste 308, on the Island.

Mosbacker can be reached at 236-8054 or via ameripriseadvisors.com/martin.d.mosbacker.