The Waterfront Place on Yarrow Bay office building in Kirkland has been purchased by Talon Private Capital.

By Seattle Times business staff

The Waterfront Place on Yarrow Bay office building in Kirkland has been purchased by Talon Private Capital.

The Seattle investment firm paid $21.5 million for the three-story, 51,000-square-foot building on Lake Washington Boulevard Northeast, county records show. It was built in 2008 and is 84 percent leased, according to commercial real-estate database Officespace.com

Talon Private Capital was founded last year by industry veterans Bill Pollard and Jim Neal, who have recruited nearly 20 well-off families as investors. Waterfront Place is the firm’s first acquisition.

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