Continental Properties pays $216m for Seattle office tower

Continental Properties has paid $216.1 million for the Met Tower, a trophy 366-unit, high-rise multi-housing building located in the heart of Seattle’s vibrant South Lake Union neighborhood.

The seller was Westlake Tower Associates.

Met Tower is located at 1942 Westlake Avenue in the epicenter of Seattle’s burgeoning technology industry in the South Lake Union and nearby Belltown neighborhoods. With a Walk Score® of 99, the property not only provides walking-distance access to top employers but also more than 4 million square feet of retail and attractions within a half mile, including Washington State Convention Center, Pike Place Market, the Seattle Waterfront, Seattle Center, Westlake Center and Denny Park. The transit-oriented property also offers immediate access to the SLU Streetcar across 7th Avenue and is a short walk to the Westlake Station Transit Center, which provides connectiv