SEATTLE-HAL Real Estate Investments, a Seattle-based company, has landed a big payday with the sale 7th & Madison, a 205,000-square-foot medical office building on the First Hill neighborhood of Seattle. Public records revealed that the fully leased building was sold for $100 million.
A limited partnership with the same Atlanta address as Prudential Real Estate Investors was the buyer. Seventh & Madison was developed in 2009 by Opus Northwest. HAL purchased the building for nearly $31 million in 2010. For the full story, go to Puget Sound Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.