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Crescent Sells Exchange Building for $81M

SEATTLE-The Fort Worth-based public company sells the 300,000-sf historic building here as it continues to hone its portfolio.

By Brian K. Miller | Updated on April 17, 2007

SEATTLE-Publicly held Crescent Real Estate Equities Co. of Fort Worth has sold the 23-story Exchange Building here for $80.6 million. The historic Downtown asset has 295,515 sf net rentable and is 100% leased.

The Exchange Building was built 78 years ago at Second Avenue and Marion Street. The street address is 821 Second Ave. The major tenant is King County. Other tenants include publicly held aQuantive Inc. and Varolii Corp.

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