SEATTLE-Teachers Insurance and Annuity Association of Americahas paid $119.4 million for the Westlake Center office tower indowntown Seattle. The company, part of TIAA-CREF, has purchased the21-story tower that sits over a four-story retail mall.

The property was sold by an entity managed by Chicago-basedGeneral Growth Properties. The company tried to market both theoffice and the retail property in 2008, but did not succeed. Now,General has retained the shopping mall and sold the353,000-square-foot office tower. For the full story, go toSeattle Times .


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