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Brickman, GreenOak JV Buys Seattle Asset for $68M from KBS
The Central Building, an eight-story historic office property in Seattle’s central business district, was sold for $67.5 million. The 192,176-square-foot asset was acquired by a joint venture between Brickman and GreenOak, and was divested by KBS Strategic Opportunity REIT.
The property is located at 810 3rd Ave., and is considered an institutional-quality asset that offers abundant natural light and air across large 20,750-square-foot typical floor plates. Originally built in 1907, the Central Building is 81% leased to a diverse tenant roster.
HFF’s Dave Otis, Michael Leggett, Logan Greer and Kevin Freels represented the seller and procured the buyer. HFF’s Casey Davidson and Peter Smyslowski also secured $55.4-million in acquisition financing for the property through Invesco Real Estate.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
