Lee & Associates Pacific Northwest is pleased to announce the successful lease of a 10,000-square-foot commercial space located at 1750 132nd Ave NE, Bellevue, WA 98005. Spearheaded by Troy Gessel, Principal at Lee & Associates, the short-term lease deal was completed in the heart of Bellevue’s Spring District, one of the Eastside’s most rapidly evolving and in-demand neighborhoods.

Strategic Short-Term Lease for Redevelopment

This transaction reflects a broader trend within Bellevue’s Spring District — a region experiencing robust growth, densification, and transformational mixed-use redevelopment. The leased space, previously underutilized, will now serve a short-term tenant as the property transitions toward a longer-term vision for redevelopment.

This lease is a win-win. The short-term structure provides immediate occupancy for the tenant while aligning with ownership’s longer-term redevelopment timeline. It’s a great example of strategic asset utilization in a high-demand submarket."

About the Spring District

Located near the future East Link Light Rail and already home to major employers and modern developments, the Spring District is designed to be Bellevue’s next-generation urban neighborhood — walkable, transit-connected, and innovation-focused.

Key Deal Highlights

• Size: 10,000 SF

• Location: 1750 132nd Ave NE, Bellevue, WA 98005

• Structure: Short-term lease designed to bridge occupancy while future redevelopment plans are underway

• Use: Interim commercial use, maximizing current asset utility

  
  

Looking Ahead

As Bellevue continues to evolve into a world-class innovation hub, short-term leasing strategies like this one offer property owners and developers flexibility and income while preparing sites for large-scale redevelopment. Lee & Associates remains committed to advising clients through every phase — from initial leasing through to repositioning and redevelopment.

Contact
For more information on leasing opportunities or investment sales in Bellevue and the Greater Eastside, please contact:

Troy Gessel
Principal, Lee & Associates
📧 tgessel@lee-associates.com
📞 425.576.8747