Transactions - DECEMBER 16, 2016

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Hong Kong investor buys Seattle-area office

by Andrea Waitrovich

Gemini Rosemont has acquired One Twelfth @ Twelfth, a three-building office campus in the Seattle submarket of Bellevue, Wash. The sales price was not disclosed; however, it was estimated to be more than $200 million.

Gemini Rosemont purchased the office campus in partnership with Gemini Investments, an investment company listed on the Hong Kong Stock Exchange.

This is the third U.S. office building acquisition in 2016 by Gemini Rosemont. The company added Durham, N.C.’s six-story, 131,976-square-foot SouthCourt office building in early November. It also acquired the 19-story, 177,489-square-foot 610 West Ash office tower in San Diego’s downtown Little Italy district

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