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January 23, 2014

Merrill Place sold; expansion planned

SEATTLE — Hudson Pacific Properties of Los Angeles said it is buying Merrill Place, a 179,000-square-foot office and retail building, and a 147-stall garage for $57.7 million.

The building is at 411 First Ave. S. and is 93 percent leased. About half of the leases expire within four years.

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