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LaSalle Snags Seattle SLU Asset Occupied by Amazon for $130M
LaSalle Investment Management acquired 202 Westlake, a 130,530 square foot Class A office building located within Seattle’s popular South Lake Union neighborhood. The asset was sold by GLL Real Estate Partners, on behalf of one of its managed funds for a reported $129.5 million.
The six-story property is 100% leased on a long-term basis to Amazon, and sits at the epicenter of Amazon’s-1.8-million-square-foot original lower rise headquarters location, as well as its 4.1-million-square-foot high-rise office campus under construction. Roughly 12,500 square feet of ground floor retail space is also fully leased.
Dana Gibson says, “This transaction validates our original decision to invest in Seattle, and went exceptionally smoothly. We thank everyone involved from Eastdil, who helped us market the property, to Amazon, which has been such a fantastic tenant for us over the last five years.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
