German investor Deka Immobilien has acquired Lakefront Blocks in Seattle's South Lake Union district in an $805 million deal. The 635,000-square-foot office building is spread over two city blocks, each with two six-story office buildings, and is anchored by Google and has been called the "best core office offering on the West Coast" last year by the brokerage team that worked on the deal.

Lakefront Blocks came to market in September 2021 in a deal brokered by Newmark's Kevin Shannon, vice chairman Nick Kucha, executive managing directors Ken White and Rob Hannan and senior managing director Michael Moll. The blocks were marketed independently and Deka Immobilien was the highest bidder on each deal.

The property was completed in 2019 and includes views, sustainable design features and strong credit tenancy. The property has retailers, a public alley and pedestrian- and cyclist-friendly amenities, open space and a skybridge.