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Seattle & Northwest  + Office  | 

South Korea’s Hana in Nearly $700M Deal to Buy Seattle Tower

South Korean Hana Alternative Asset Management and affiliates of Hana Financial Group are reportedly the buyers of Skanska’s newly delivered 2+U tower in Seattle for $688 million. The fully-leased, 38-story office building at Second Avenue between Union and University streets was developed by Skanska USA Development, which is part of Sweden’s Skanska AB.

Skanska is keeping mum about the potential deal, though issued a statement indicating “there are no material transactions to report.” Skanska indicated it is to be “expected that we explore opportunities,” noting it is “only interested in those that are best suited for 2+U, our tenants, the city of Seattle, our company, and are favorable for the long run.”

The anchor tenant of the 2+U tower is SAP Qualtrics, which leases 40% of the 686,000-square-foot building. Other tenants include Dropbox, Indeed and Spaces co-working.

Hana also was part of Seoul-based Lotte Hotels’ $175-million acquisition of the hotel in Seattle’s F5 Tower last year.

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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