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September 13, 2013

What's behind record-setting price? Prime building, location and tenant

By NAT LEVY
Journal Staff Reporter

Photo by Nat Levy [enlarge]
Spear Street Capital sold 202 Westlake to a German fund manager for a record price: $753 per square foot.

This week's sale of 202 Westlake to German fund manager GLL Real Estate Partners GmbH beat the per-square-foot price paid for an office building in Seattle by more than $100.


 
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