SEATTLE-Metropolitan Park North, an office building situated in Seattle, will soon get a new owner. Chicago-based LaSalle Investment Management has failed to pay its mortgage loan on the property.
AXA Equitable Life Insurance Co. is seizing the property in lieu of foreclosure. The 11-story, 186,160-square-foot office building, situated at 1220 Howell St. was constructed in 2001. It is nearly 26% vacant. LaSalle Investment Management is an affiliate of Jones Lang LaSalle. For the full story, go to Puget Sound Business Journal .
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