BELLEVUE, WA-Des Moines, Iowa-based Principal Real Estate Investors, purchased The Bravern Office Commons, a Class A office tower in downtown Bellevue, for $410 million. The Bravern, which was fully leased to Microsoft prior to the sale, comprises two high-rise buildings measuring 750,000 square feet and a parking lot.
The remaining portions of the complex, the retail and residential areas, are jointly owned by Investcorp. and Schnitzer West LLC. The two companies will continue to operate the garage and office towers. For the full story, go to Puget Sound Business Journal.
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