Suburban Seattle Church Buys Office Building

An office building in Bothell found a holy buyer.

The 60,000-square-foot building at 19201 120th Avenue Northeast was purchased by The Image Church and Vladimir Zayshlyy, founder and president of Kirkland-based countertop company Stonewood Design, the Puget Sound Business Journal reported.

The seller was the estate of an undisclosed Mercer Island investor who bought the property in 2001 and died in 2021, Colliers’ David Gunther, who represented the seller’s side, told the Business Journal. The sale price was not disclosed.

The building was constructed on a 4.3-acre lot in 1991 and has an assessed value of $15.9 million.

The Image Church will “use the building as-is, with all its vacant office spaces, with the emphasis on building relationships within the community,” Zayshlyy told the Business Journal.

Image Church senior pastors John and Vita Petrus

Stonewood Design has no affiliation with the church, and Zayshlyy is not a member.

The property is 50 percent leased, and the church plans to use the available space. Tenants include Trane Technologies, Element Materials Technologies, ISEC Construction and Taekwondo Way. Existing tenants and their leases will not be affected by the sale, Zayshlyy said.

It isn’t unusual for religious groups to purchase office and flex buildings with high vacancies, Gunther told the Business Journal, saying “there’s a lot of interest with educational uses or religious uses” that differ from “the traditional office user.”

Trinity Church operates out of an office building down the street at 19021 120th Avenue Northeast in Bothell. In Everett, the Sonrise Christian Center takes up space at 11625 Airport Road. And last April, a joint venture between the Muslim Association of Puget Sound and Medina Academy acquired a Microsoft-leased office complex in Redmond for $45 million with plans to convert it into an education and Islamic center.

— Chris Malone Méndez