SEATTLE-While the sellers could not reveal the anticipated price and no list price has been given, some industry sources unrelated to the asset speculate that the Westlake/Terry office property in the South Lake Union submarket of downtown could fetch near $200 million. Jointly owned by Vulcan Real Estate and Group Health Cooperative, the property that was recently put on the sale block consists of two adjacent buildings on a full block in the heart of the booming neighborhood, with Group Health as the anchor tenant containing 700 employees on site.

The property was developed in 2007 as the corporate headquarters for Group Health, which occupies approximately 149,000 square feet of office space on site. Microsoft leases roughly 126,000 square feet of office space in the project, housing nearly 350 employees. Jones Lang LaSalle is the listing agent for the asset.

The Westlake/Terry Building is Seattle’s first private-sector new-construction office building to earn LEED Gold certification from the U.S. Green Building Council. The transit-oriented project has 42,700 square feet of street-level retail amenities including Rain Fitness, Starbucks, Portage Bay Caf