An empty Mercer Island office building on nearly six acres has been sold and is likely headed for redevelopment.
The property is four blocks from the future light rail station, making this a prime transit-oriented play.
Ryan Cos. and HAL Real Estate paid VEREIT $46.45 million for the 1980s-era building, which measures 146,750 square feet. Located at 3033 77th Ave. S.E., the building housed Farmers New World Insurance, which moved to Bellevue after more than six decades on the island.