LaSalle Investment Management Snaps Up Newly Completed Pearl West
Investment giant LaSalle Investment Management acquired the 155K SF Pearl West, completed in 2016, from BPM Real Estate Investments, the developer of the building. The property traded for an unspecified price.
With 17,800 SF open floor plates, along with storage for bicycles and tenant showers, the property at 1455 NW Irving St. counts as creative office, according to HFF, which brokered the sale.
Pearl West is 89% leased, with such tenants as Wacom, Zoom+, Howard S. Wright, First American Title Insurance Co., United Fund Advisors and Regus, a provider of flexible workspace that occupies about 19K SF.
The LEED Gold property has a Walk Score of 98, a Transit Score of 90 and a Bike Score of 97. It is within a quarter mile of more than 2,200 apartment units.