WASHINGTON, DC-Boston-based Beacon Capital Partners is preparing to sell its asset included in a 20-property portfolio located in Seattle and Washington, DC. A recent change on a loan of $2.7 billion has urged the firm to sell assets.
The company will market the Market Square property spanning 678,000 square feet in January. The two-building property is among the 10-million-square-foot portfolio of Beacon. According to Julia Tcherkassova of Barclays Capital, the property could fetch nearly $450 million. For the full story, go to Wall Street Journal.
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