Vulcan Real Estate announced Thursday it had sold it’s Issaquah-based Sammamish Park Place office park to Talon Private Capital for $128.25 million.

The 20-acre three-building park is home to divisions of Microsoft and Costco, the latter of which began its lease in August. The office park is fully occupied by the two companies.

The sale will trade off a strong and steady income stream from the companies’ rents for an immediate boost to Seattle-based Vulcan’s capital coffers. That money will go toward new investment projects, said Ada M. Healey, the Vulcan Inc’s vice president of real estate.

“Sammamish Park Place has been an excellent investment for us with strong credit tenants and good cash flow,” Healey said. “As we rebalance our portfolio, we are raising capital for new investment opportunities around the region.”

Talon Private Capital is a Seattle-based real estate investment firm with interests in commercial properties nationwide. The Sammamish Park Place acquisition fits perfectly with Talon’s stated “value-cyclic strategy”: To buy up already developed properties with strong tenants in affluent areas when they believe the market is about to rise but “competition is weak,” keeping prices lower as reasoned in a written company investment overview.

A noted recent exception was Talon’s partnership with Prudential on the Kirkland Parkplace project in March 2014. That deal marked Talon’s first ground-up development venture.