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Hong Kong Investor Buys Columbia Center for $700M

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 Seattleā€™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]