After a similar deal to sell the Bellevue Galleria fell apart in 2011, RP Realty Partners finally sold the 204,000-square-foot retail & office complex in Bellevue for $87.6M to a limited liability company related to Madison Marquette. RP Realty bought the complex for $53.4M back in 2007. According to the real estate listing, there is potential for up to 750K square feet of development to the property. No word on whether or not that's part of the plan.
· Bellevue Galleria sells for $88 million [PSBJ]