Developer sells downtown Seattle office tower for $669 million
SEATTLE â A South Korean investment group will buy a 95% stake in a newly opened 38-story office tower downtown for $669 million, developer Skanska announced this week. Hana Alternative Asset Management and Hana Financial Group will buy control of the 2+U building at Second Avenue and University Street. The Swedish development company Skanska will hold on to a 5% stake as it continues leasing out retail space on the lower floors. Skanska, which finished the project last year, believes the sale is the biggest real estate transaction for a single property in the United States since the sta...
Source: wenatcheeworld.com