Real Estate - MAY 18, 2022

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Seattle office tower sells for $730m, largest U.S. multi-tenant office sale YTD

by Andrea Zander

Barings and Schnitzer West have sold Seattle’s Madison Centre to Boston Properties for $730 million.

Completed in September 2017, Madison Centre is a 37-story office tower in downtown Seattle containing 760,971 rentable square feet and 480 parking stalls housed in seven levels of subterranean parking. Madison Centre’s forward-thinking design already reflects the future of office, including generous outdoor amenity space, flexible collaboration space, strong health and wellness features, and onsite food and beverage. Amenities include a rooftop terrace, a great room with a signature three-story fireplace and living wall, conference/training center, boardroom, library, fitness/wellness center operated by the prestigious Washington Athletic Club, needlepoint bipolar ionization HVAC purification, and touchless entry. Madison Centre has been certified LEED Platinum by the U.S. Green Building Council and has achieved both Fitwel Built and Fitwel VRM certifications. The tower is

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