{"id":1004052220,"date":"2012-05-15T14:34:38","date_gmt":"2012-05-15T22:34:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=45623"},"modified":"2022-12-09T01:36:53","modified_gmt":"2022-12-09T09:36:53","slug":"480-million-deal-for-russell-investments-center-is-wests-biggest-since-2006","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/480-million-deal-for-russell-investments-center-is-wests-biggest-since-2006\/","title":{"rendered":"$480 Million Deal for Russell Investments Center is West\u2019s Biggest Since 2006"},"content":{"rendered":"<p>By Alex Girda, Associate Editor<\/p>\n<p>In the western U.S.&#8217;s largest single-asset office sale\u00a0since 2006, CommonWealth Partners paid $480 million for Russell Investments Center in Seattle\u2019s central business district. \u00a0A CBRE Group Inc. team led by Kevin Shannon represented the seller, Northwestern Mutual. The transaction adds the property\u00a0to another nearby CommonWealth asset&#8211;Safeco Plaza, a 755,000-square-foot, 50-story office tower.<\/p>\n<p>Completed in 2006, the 42-story building located at 1301 Second Ave. is one of only eight Class A office properties developed in the area during the past decade. During the past two years, leasing at the 872,026-square-foot \u00a0building has jumped 30 percent, bringing the property to the 95 percent-leased mark. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/russell-center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-45707\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/russell-center.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p>Russell Investments Center is widely regarded as one of the city\u2019s top assets, offering a central location, panoramic views and a strong range of amenities. Its LEED Platinum certification provides a major draw in a local market that puts a premium on sustainability, The current tenant roster includes big names such as Russell Investments, JP Morgan Chase, Boeing, Zillow and Nordstrom. Other tenants are investment-grade companies in the technology, life-science and finance industries.<\/p>\n<p>Image courtesy of \u00a0<em>russellinvestmentscenter.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor In the western U.S.&rsquo;s largest single-asset office sale&nbsp;since 2006, CommonWealth Partners paid $480 million for Russell Investments Center in Seattle&rsquo;s central business district. &nbsp;A CBRE Group Inc. team led by Kevin Shannon represented the seller, Northwestern Mutual. The transaction adds the property&nbsp;to another nearby CommonWealth asset&ndash;Safeco Plaza, a 755,000-square-foot, 50-story [&#8230;]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[1815],"class_list":["post-1004052220","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>$480 Million Deal for Russell Investments Center is West\u2019s Biggest Since 2006 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/480-million-deal-for-russell-investments-center-is-wests-biggest-since-2006\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$480 Million Deal for Russell Investments Center is West\u2019s Biggest Since 2006\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor In the western U.S.&rsquo;s largest single-asset office sale&nbsp;since 2006, CommonWealth Partners paid $480 million for Russell Investments Center in Seattle&rsquo;s central business district. &nbsp;A CBRE Group Inc. team led by Kevin Shannon represented the seller, Northwestern Mutual. 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