Vulcan Real Estate is said to have a taker for two of its Bellevue office towers, with a deal pegged at about $650 million. If it closes, the trade would rank among the largest office sales on the Eastside in recent months and highlight how investors are still hungry for Amazon-anchored buildings, even in a choppy office market. The reported sale centers on a pair of towers at West Main, Vulcan’s fast-growing Amazon hub in downtown Bellevue.
According to the Puget Sound Business Journal, Vulcan has lined up a buyer for the two towers in a roughly $650 million transaction. The June 10, 2026 story noted that the deal was not yet finalized and did not name the purchaser. That report followed earlier marketing efforts on at least one of the West Main buildings.
Amazon-Anchored West Main Draws Buyers
The towers in question are part of West Main, Vulcan’s three-building, mixed-use campus in Bellevue’s central business district. The roughly 1.03 million square foot project, finished in 2024, features a mid-block plaza, about 34,000 square feet of retail, and office floorplates tailored to tech tenants, according to Vulcan Real Estate. Urban Land has also described West Main as a focal point for Amazon teams on the Eastside, which goes a long way toward explaining why investors are circling the campus.
Tower 1 Hit The Market Earlier This Year
Earlier this year, brokers put West Main’s Tower 1 at 85 106th Ave NE on the market. The 17-story building totals about 364,868 square feet and is fully leased to Amazon. Commercial listings and trade reports have shown the property marketed by Newmark as a stabilized, institutional-quality asset. For details on square footage and broker contacts, see coverage by Connect CRE and listing information on CommercialCafe.
Why Investors Are Paying Up
Institutional buyers have remained willing to pay premiums for new, credit-leased office towers, in part because long-term tech tenants lower vacancy risk and help with financing. A package that combines scale with Amazon tenancy is especially appealing to funds and life insurance companies that want predictable, stabilized returns. For Bellevue, a completed West Main sale would reinforce the idea that top-tier, amenity-rich buildings are still attracting capital, even while other corners of the office market feel the squeeze.
So far, neither Vulcan nor any buyer has publicly confirmed the reported deal, and the transaction is still subject to due diligence and closing. This story will be updated if the parties confirm the sale or release additional terms.
