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MetLife, Clarion Partners Pay $548.8M for Seattle High-Rise

JV Sells Second Tallest Building in Seattle
By Keith T. Eades
November 14, 2012 | 10:37 P.M.

MetLife Real Estate Investments and Clarion Partners acquired the 55-story 1201 Third Avenue Building in Seattle, WA from a joint-venture of Wright Runstad & Co., Beacon Capital Partners LLC and Shorenstein Properties LLC for approximately $548.78 million, or about $461 per square foot.

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News | MetLife, Clarion Partners Pay $548.8M for Seattle High-Rise