SEATTLE-CB Richard Ellis has been appointed the management and leasing roles for the Westlake Center Office Tower, located in the heart of downtown Seattle. The 25-story high rise building was recently purchased by TIAA-CREF for $119.4 million.
The property was sold by an entity managed by Chicago-based General Growth Properties. The company tried to market both the office and the retail property in 2008, but did not succeed, according to article about the acquisition.
The building offers class-A office space totaling 355,000 square feet. Jesse Ottele and Scotta Ashcraft of CBRE will head the leasing effort, showcasing the opportunities to the Puget Sound business community. Tina Davis will lead the management team which includes Salinas Holcomb, Kevin Falk and Tim Schrader.
“Westlake Center Office Tower is one of Seattle’s premier office locations,” says Steve Penn, managing director of asset services for CBRE. “We are excited to partner with TIAA-CREF and appreciate the opportunity to provide management and brokerage services to this building.”
Westlake Center Office Tower’s central location provides tenants with abundant shopping, transit and business services, as well as convenient access to Pike Place Market and burgeoning South Lake Union submarket, according to a prepared statement from CBRE.
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