SEATTLE—Jones Lang LaSalle's Capital Markets has closed the sale of Westlake Terry, a two-building, 320,399-square-foot office property in South Lake Union, on behalf of a joint venture partnership between Vulcan and Group Health Cooperative. Kilroy Realty Corporation purchased the Class A asset for approximately $170 million.
Managing Directors Ann Chamberlin, Lori Hill and Stuart Williams led the Jones Lang LaSalle team on this transaction.
“This offering represents an exceptionally high-quality office asset in Seattle's fastest growing neighborhood,” said Williams. “Westlake Terry is fully leased to a solid mix of tenants and is the primary Seattle location for Microsoft Corporation and corporate headquarters for Group Health.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
