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 Earlier this month, LPC West purchased 1500 Quail in Newport Beach, CA. Earlier this month, LPC West purchased 1500 Quail in Newport Beach, CA.

SEATTLE—Lincoln Property Co. and joint venture partner Admiral Capital Real Estate Fund II, LP have acquired the South Seattle Business Park here.

No financial terms of the transaction for the nearly 107,000-square-foot office/industrial property were disclosed. The new ownership states that it plans a multi-million-dollar renovation of the five-building campus on 2.7 acres in Seattle’s Georgetown neighborhood. Planned upgrades include improvements to building exteriors and entries as well as adding outdoor community space and new landscaping throughout the property.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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