portfolio, totaling some $5.5 billion, currently comprises 25 properties across 16 cities throughout the country. Union Investment currently holds three commercial properties in Seattle worth some $720 million. Compare this building to other notable world structures. Seattle, and the surrounding region, will remain of interest for Union Investment as we look to further grow our core portfolio in the US in the near term,” sad Willis Kim, responsible for Union Investment’s investment management activities on the West Coast and Canada. Home > Database > United States > WA > Seattle > Millennium Tower: Login Register Comparison Diagram. Millennium Tower sold in 2017, leveraging pent-up demand for a high-quality boutique multitenant Seattle office building, achieving a favorable result for its owner. “Coupled with strong growth dynamics, Seattle as an investment market still offers both global and domestic investors a stable environment for achieving long-term sustainable returns. Between 20, we leased up the vacancies to expanding tech and tech divisions of corporate firms while achieving rapid growth in rental rates. The transaction was executed by Union Investment’s New York based investment team, advised by CBRE. The asset holds a LEED “Gold” certification and the largest tenants in the building are Skytap and Van Ness Feldman. The 20-story property located at 719 Second Avenue is situated in the in the Seattle CBD and was fully occupied as of closing. The tower offers 14 floors of office and 6 floors of high-end residences ranging from 2,300 to 10,000 Square. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The community is situated in the neighborhood of Downtown. Millennium Tower features concrete and steel construction. Millennium Tower HOA is a community located in Seattle, WA (King County). The property was part of Union Investment’s portfolio since 2003. The first new building constructed in the Seattle skyline in the Millennium, an owner-managed development that benefitted from being at the center of 4 major downtown districts. After having purchased the office tower “Midtown 21” located in the Denny Triangle and having entered the hotel market with the acquisition of the Hilton Garden Inn - both in 2017 -, the sale of Millennium Tower concludes a very special year for Union Investment in the Seattle market,” comments Matt Scholl, executive director and head of investment management Americas at Union Investment. Every project we build reinforces our goals of enhancing and strengthening the social, economic and civic health of urban. “Seattle and its office market have been a success story for Union Investment ever since we stepped into the market some 15 years ago.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |