Divco recently purchased West Lake Union Center, a 10-story Class A office building in the South Lake Union area.
SEATTLE—DivcoWest recently purchased West Lake Union Center, a 10-story class-A office building at 1505 Westlake Ave. North in Seattle's popular South Lake Union submarket for an undisclosed price. West Lake Union Center was constructed in the early 1990s and offers 218,454 square feet of office space as well as subterranean parking for more than 450 cars. Tenants enjoy the building's 10-story atrium and views of Lake Union and downtown Seattle.
“Our focus on Seattle is based on strong tenant demand across a wide range of innovation and supporting industries,” said DivcoWest's Beau Heidrich. “South Lake Union is a particularly desirable location for many of the tenants we regularly interact with and we are excited to begin investing in this property to bring it to its full potential as a meeting place on the lake for tenants large and small.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
