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Seattle's Columbia Center Sold For Whopping $711 Million

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This news hit late Friday but it's worth noting today. Columbia Center, the 76-story skyscraper that tops the Seattle skyline, was sold last week to Hong Kong-based Gaw Capital Partners for $711 million. It's considered the third-biggest real estate transaction in region history. It also beats out the previous sale price as Beacon Capital Partners paid $621 million for the 1.5 million-square-foot tower in April 2007. While Asian investors have been buying up property in Puget Sound region for a while, this is the biggest deal so far and some think a sign of what's to come. Case in point, the Seattle Times also reports that Gaw also has a deal pending to purchase the 27-story Seattle Tower at 1218 Third Avenue.
· Columbia Center sold to Hong Kong investors [ST]
· The Ten Tallest Buildings In Seattle [CS]
Image: Ivan Andreevich