SEATTLE/DENVER – Despite reports of future slowing, two markets continue to roll along nicely. This is exemplified in a recent mega-portfolio transaction that involved Unico Investment Group LLC’s recent sale of 27 repositioned historic and newly constructed office assets totaling 1.8 million square feet at a price of $710 million.
Puget Sound office sales activity was off slightly in the fourth quarter, closing with 22 sales totaling 1.5 million square feet and total investment of $526 million, according to a report by Kidder Mathews with data by CoStar. The variety of properties sold did expand with four of the five largest sales located in suburban submarkets.
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