Login

Westlake Center Office Tower Sells for $119.4M

TIAA-CREF Completes Purchase of Seattle Skyscraper
By Michael Verostek
September 7, 2011 | 5:36 P.M.

General Growth Properties, a Chicago-based publicly traded REIT, sold the 370,000-square-foot Westlake Center Office Tower located at 1601 5th Avenue in Seattle, WA to Pension Fund TIAA-CREF, for $119.4 million, or about $323 per square foot. Originally constructed in 1988, the 25-story office building was structurally engineered by KPFF, an international provider of structural and civil engineering services. KPFF is headquartered within the building. The Westlake Center Office Tower was fully renovated in 1992. CBRE’s team of Jesse Ottele and Scotta Ashcraft will be responsible for the leasing of the building for the new owners.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE