Russell Investments Ctr Trades for $480M

CommonWealth Partners, a privately-held real estate investment, development and management firm based in Los Angeles, has acquired the Russell Investments Center at 1301 2nd Ave. in Seattle, WA for $ 480 million, or about $ 550 per square foot, from Milwaukee, WI-based life insurance giant Northwestern Mutual Life Insurance Company. According to CBRE, the sale marks the largest single-asset sale on the West Coast since 2006.

The 42-story, 872,026…
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