SEATTLE—Cole Real Estate Investments, Phoenix, has purchased the three-building campus that houses F5 Networks headquarters, paying $142.5 million.

The Puget Sound Business Journal reported on the transaction, citing public records .

The buildings, which total 300,000 square feet, sold on April 3, but the deal did not record until Wednesday., the Journal said.

The 13-year-old buildings are on the waterfront at 351, 401 and 501 Elliott Ave. W.

The seller, CLPF Elliott West, had bought the campus for more than $117 million eight years ago.

Click Puget Sound Business Journal to read the full story.

 

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.