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

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex

Brookfield Offloads 3-Building Silver Spring Office Complex

Wildfires Reignite Case For Landlords To Invest In Air Quality

3 Suburban Philly Office Buildings With Strong Occupancy Hit The Market