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Concord Pacific purchases half-block property in Seattle for $72M

A half-block property in Seattle owned by Miami-based Crescent Heights Inc. sold for $72 million, the Puget Sound Business Journal reported.

Canadian real estate developer Concord Pacific Developments Inc. bought the site at 1901 Minor Ave., the publication noted, citing Kidder Mathews, which represented the buyer in the deal.

The property, designed by architecture company Gensler, has been partially approved for a two-tower multifamily development, according to the publication.