World Trade Center East is a six-story, approximately 187,000-sfbuilding that was purchased from WRC Trade Center LLC(Wright-Runstad & Co.) for approximately $38.7 million,including a paydown of approximately $31.3 million in debt, $6.9million in EOP Operating Partnership Units at $30.37 per unit andapproximately $500,000 in closing adjustments.
The building is part of a three-building office complex that isbeing developed. Equity has declined its option to purchaseWTC-North. WTC-West is owned by the Port of Seattle.The WTC-Eastacquisition brings Equity Office's Seattle-area portfolio to over7.5 million sf in 21 buildings. Microsoft is the building's soletenant.
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