Deka Immobilien Buys Google Office Building for $805M

German investor Deka Immobilien has acquired Lakefront Blocks in Seattle’s South Lake Union district in an $805 million deal. The 635,000-square-foot office building is spread over two city blocks, each with two six-story office buildings, and is anchored by Google and has been called the “best core office offering on the West Coast” last year by the brokerage team that worked on the deal.

Lakefront Blocks came to market in September 2021 in a deal brokered by Newmark’s Kevin Shannon, vice chairman Nick Kucha, executive managing directors Ken White and Rob Hannan and senior managing director Michael Moll. The blocks were marketed independently and Deka Immobilien was the highest bidder on each deal.