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32-Story Office Sells in Off-Market Deal for $137M

SEATTLE-Clarion Partners bought the 598,000-square-foot 1600 Seventh Ave. here from Qwest Communications, which will remain as a tenant in approximately 260,000 square feet.

By Natalie Dolce | Updated on April 03, 2012

SEATTLE-Clarion Partners, a leading real estate investment manager, has acquired 1600 Seventh Ave., a 32-story, 598,000-square-foot office property in downtown Seattle for $137 million. The purchase was made on behalf of a separate account client of the firm in an off-market transaction.

CenturyLink, formerly known as Qwest Communications was the seller of the building. CenturyLink and its predecessor companies have continuously occupied the property since it opened in 1976 and will remain as a tenant in approximately 260,000 square feet.

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