Columbia Center sells to Hong Kong company for $711 million
Friday, August 07, 2015
(Puget Sound Business Journal by Marc Stiles) – Columbia Center sold Friday for just over $711 million.
The sale of the 76-story high-rise is the Puget Sound region's largest real estate transaction since late 2012, when Amazon.com (Nasdaq: AMZN) paid $1.15 billion for 11 buildings that are part of the company's South Lake Union headquarters.
Beacon Capital Partners sold the tower to Gaw Capital Partners, a private equity fund management company based in Hong Kong. The company has offices in Los Angeles and San Francisco.
Asian investors have been snapping up residential and commercial properties in the Puget Sound region for several years. Now, investors from Asia own the Northwest's tallest skyscraper.
