SEATTLE-CPT West 8th LLC, an affiliate ofBoston-based AEW Capital Management, has purchasedthe 28-story West 8th office tower downtown forapproximately $278.7 million from locally basedTouchstone Corp. and Prudential RealEstate Investors.
Touchstone had developed the office building, located atVirginia St. and Eighth Ave., in 2009, and had co-owned it withPREI before putting it up for sale earlier thisfall. The property had stood primarily vacant for a number of yearsbefore Amazon.com Inc. became a tenant; themega-retailer now occupies most of the space in the tower.
As GlobeSt.com previouslyreported, in OctoberAmazon.com announced that itwould purchase the 11-building headquarters campus here it hadbeen leasing from Vulcan Real Estate for a priceof $1.16 billion, industry sources reported at the time.GlobeSt.com had previouslyreported in September that Vulcan had put theproperties housing the online goliath’s global headquarters on thesale block, and while the parties involved were not able to reveala list price for the campus to GlobeSt.com, at the time industrysources unrelated to the deal said the aggregate price for theproperties was expected to be greater than $1 billion.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
