Equity Commonwealth has sold Tower 333, a 435,000-square-foot, class A office property in Bellevue, Wash., for a gross sales price of $401.5 million.
Proceeds after credits, primarily for contractual lease costs, and transfer taxes were $316.7 million. The company’s cash balance immediately following the sale was $3.4 billion.
Tower 333 is a 20-story office tower, featuring a modern glass exterior curtain wall. The property offers a half-acre outdoor plaza and an eight-level below-grade parking garage.
