Redstone Corporate Center I

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present Redstone Corporate Center I (the “Property” or “Building”), a premier investment opportunity in the rapidly transforming Northend Submarket of Seattle. Redstone I, a six-story, 212,069 SF multi-tenant office building, stands as the preeminent Class A office property in Lynnwood and the Northend, offering investors a compelling blend of stable cash flows, strategic value-add potential, and an unmatched position in the heart of one of the region’s most dynamic growth corridors.

Developed in 2002 and comprehensively renovated in 2024, this six-story, 212,069 square foot multi-tenant office building represents an unparalleled combination of immediate income stability and extraordinary growth potential, strategically positioned at the epicenter of one of the Pacific Northwest’s most ambitious urban transformation initiatives. With a weighted average lease term of 5.4 years and 88% leased including Fortune 500 tenancy, Redstone I delivers the market’s most compelling risk-adjusted returns in a supply constrained, high-growth environment.

Ideally positioned in Lynnwood’s Alderwood City Center transition zone, Redstone I stands as the undisputed market leader, commanding an impressive 32% of all Class A space in the submarket and over 17% of Class A inventory across the entire Northend region. The Property boasts a 5-minute walk to Alderwood Mall, 10-minute walk to the Convention Center, and will benefit directly from Lynnwood’s transformational June 2025 subarea plan, which projects unprecedented population growth from 4,389 to 28,361 residents—a remarkable 546% increase—while employment expands 108% to 32,565 jobs by 2044.

The Building’s superior accessibility is unmatched, with immediate connectivity to the operational Lynnwood City Center Light Rail Station, future access via the West Alderwood Link Light Rail Station opening in 2037 will be within 5 minutes walking distance. This multimodal transportation network provides direct access to Seattle, University District, and Sea-Tac Airport, while the District’s $240 million convention center redevelopment will create over 90,000 square feet of new retail space, 500 new residential units, and a 300-room upscale hotel, fundamentally enhancing the Property’s tenant appeal and market positioning.

Currently identified as headquarter locations for both Radia and UMC, with satellite operations for Expeditors International (NYSE: EXPD), Redstone I is the building of choice among larger scale, high performing tenants in the Northend. Redstone I maintains the submarket’s strongest tenant roster while benefiting from a supply-constrained market where the Edmonds/Lynnwood area maintains only 9.2% availability compared to downtown Seattle’s 29.8% availability.