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Pasadena’s Alexandria Real Estate Buys Landmark Office Property in Seattle

first_img Top of the News Commercial Real Estate News Pasadena’s Alexandria Real Estate Buys Landmark Office Property in Seattle From STAFF REPORTS Published on Wednesday, June 6, 2018 | 6:38 pm Community News First Heatwave Expected Next Week Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a comment HerbeautyZac Efron Is Dating A New Hottie?HerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty8 Simple Steps To Catch Your Crush’s Eye On InstagramHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeauty10 Vietnamese Stunners That Will Take Your Breath AwayHerbeautyHerbeautyHerbeautyHow To Lose Weight & Burn Fat While You SleepHerbeautyHerbeauty Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Your email address will not be published. Required fields are marked * Image courtesy of Equity OfficeAlexandria Real Estate Equities in Pasadena has acquired the 5th & Bell Building in Seattle for $95 million.Alexandria bought the building from Blackstone, which acquired the building from Hines for almost $93 million, part of a larger portfolio sale less than two years ago. The sale was reported on the Daily Journal of Commerce website.Fifth & Bell is a 203,000-square-foot, six-level office building in the heart of Seattle’s Belltown neighborhood. It occupies the half-block site at 2301 Fifth Ave., between Battery and Bell streets. It was developed in 2002 by Touchstone, with about 197,000 rentable square feet, street-level retail, and 209 underground parking stalls.Completed in 2002 after 22 months of construction, the building was named the National Association of Industrial and Office Properties Office Development of the Year for that year. The architect was Collins Woerman.The Daily Journal of Commerce report said both parties used LLCs in the transaction; no brokers were announced.Amazon has a 10-year lease on the building signed in 2014, with renewal options for another 10 years. Other tenants include Zipcar, Phillips Design and the University of Washington, according to the report.Alexandria now has about 1 million rentable square feet in Seattle. Its seven buildings, clustered in South Lake Union and Eastlake, are mostly leased to life-science and biotech companies.The firm is also currently developing a new speculative building with 205,000 square feet of offices in the city.center_img Community News Name (required)  Mail (required) (not be published)  Website  7 recommendedShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday More Cool Stuff Subscribe Business Newslast_img read more

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