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Blachard Plaza Trades for $122M


The Puget Sound Business Journal reports the AFL-CIO Building Investment Trust has acquired Blanchard Plaza for more than $122M; it traded hands back in '06 for roughly half that. Besides the simple passage of time, since then Amazon inked a deal to occupy the building last year that runs for roughly 11 more years. Shorenstein sold the building, which is near the 4.1M SF campus that Amazon is developing, to the union-backed trust.