An industrial asset in the Seattle neighborhood of South Park has traded hands, indicative of a continued desire by major investors to acquire well-located assets close to downtown. In a deal that was finalized on January 10th, a limited liability company associated with Brookfield Property Group purchased one such asset for $11.25 million, or about $305 per square foot. According to public records, the seller of the asset was RLE Properties LLC. The limited liability company is associated with private individuals from Mercer Island, Wash.
For the full story, go to The Registry Pacific Northwest.
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