Vanbarton Group purchases Seattle office tower for $305m

Vanbarton Group has purchased 901 Fifth Avenue in Seattle from Schnitzer West and Investcorp for $305 million.

901 Fifth is located at the corner of Fifth Avenue and Madison Street and is a 541,190-square-foot, 41-story class-A building located in Seattle’s central business district. The purchase of 901 Fifth marks Vanbarton’s expansion into Seattle to pursue long-term investment strategies in this growing and dynamic market.

Schnitzer West will continue to perform property management services for the tower, which is 100 percent occupied with key tenants including Pitchbook and Cray, as well as an array of professional service and technology companies. 901 Fifth has a boutique feel with smaller floorplates of varying sizes that provide flexible planning options. Recent building improvements include extensive lobby renovations that in turn have created a “great room” experience and the addition of conference room facilities available for tenant use.

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