«July 2024»

Former Lockheed Martin Building on HWY 370 is Now Under New Ownership

The City of Bellevue has received word from real estate brokers representing CBRE/MEGA, that the former Lockheed Martin building on HWY 370 has been sold to a Canadian company called Olymbec. According to Olymbec’s web site, the corporation owns and manages a diverse portfolio of industrial, office, retail, and residential properties located throughout Canada and the United States. Headquartered in Montréal, Olymbec is now one of the largest private industrial real estate holders in Eastern Canada with branch offices located in key markets across Québec and the United States including; Trois-Rivières, Sherbrooke, Québec City, Dallas, Columbus, Atlanta, Las Vegas, St. Louis, Memphis, Hartford, Indianapolis and West Virginia.

In a communication with city officials, Dean Hokanson with CBRE/MEGA states, “The new owners will be good for the building. They are financially very capable and are an experienced real estate owner.” Mr. Hokanson adds, “We have a couple good prospects for approximately half the building.”

The former Lockheed Martin building has been vacant for several years and it is exciting news to hear the state of the art facility is under new ownership. Assistant City Administrator, Larry Burks states, “The previous owners numbered in the dozens and likely presented difficulties for closing a deal. Now we have a new owner who specializes in this area, we hope to hear good news of a new tenant or two very soon.”

For more information about the new leasing opportunity, please see the attached listing sheet from CBRE/MEGA.    

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