An affiliate of Chicago-based LaSalle Investment Management acquired an Amazon-leased office building in South Lake Union, Seattle, for $129.5 million, or a record $996 per square foot, the Puget Sound (Wash.) Business Journal reported May 24, citing a sales affidavit by King County.
Munich-based GLL Real Estate Partners GmbH sold the Roxanne office asset at a price which is 33% greater than the $749 per square foot it paid in 2013.
On a per-square-foot basis, the consideration surpasses the $925 record price set in January 2017 for the other Amazon-tenanted Urban Union tower in Seattle.
The Urban Union tower was among the four office premises leased to the online retailer that were part of the top five largest real estate deals in the region in 2017. The four buildings traded hands for a total of almost $1.2 billion, the report said.
