Hong Kong Investor Buys Columbia Center for $700M

Beacon Capital Partners purchased Columbia Center for $621M in 2007, a then record-setting price for a single Seattle office building. Reports have emerged that they may be looking to cash out on Seattle’s tallest tower. Now Hong Kong-based property investment firm Gaw Capital Partners has agreed to buy the building for more than $700M, reports Bloomberg Business. Columbia Center has about 1.5M SF and is at 87% occupancy. Both sides declined comment on the potential deal. [BB]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

GSA Taps Cushman & Wakefield Veteran As Federal Real Estate Head

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

Piedmont Realty Exiting Houston Market With Office Dispositions

'It's A World Of Winners And Losers': New Edge CEO Plots Future In A Changed Office Reality

Broward Lures Office Tenants Away From Miami-Dade

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age

Hof Wonen Acquires 251 Social Rental Houses In New Mixed-Use Project In The Hague