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Seattle & Northwest  + Retail  | 

Skanska Divests Share of Seattle Tower to Hana for Nearly $670M

South Korean financial group Hana Alternative Asset Management, alongside Hana Financial Group, acquired a 95% stake in the Skanska-developed and built 2+U office and retail tower in Seattle for roughly $669 million. The divestment marks the largest single-property real estate transaction in the U.S. since the beginning of the COVID-19 pandemic.

Completed in late 2019, 2+U is a 38-story office tower and retail village named after its location at Second Avenue between Union and University streets in the heart of downtown Seattle. The 703,000-square-foot tower was recently honored with the 2020 NAIOP Washington Office Development of the Year Award.

Hana will take over operations of the 2+U development immediately in conjunction with Hines. Skanska will continue to be involved in the project and complete the ground plane and retail vision.

Eastdil Secured’s Jason Flynn represented Skanska.

Skanska also signed two retail leases within the Urban Village at 2+U, including One Workplace’s The Shop by Porter, and Valiant Barber & Supply.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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