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March 13, 2014

Vulcan sells ISB building for $106M

By JOURNAL STAFF

Vulcan Real Estate said it sold 401 Terry Ave. N., a four-story, 140,600-square-foot building that is fully leased to the Institute of Systems Biology, for $106.1 million.

Kilroy Realty Corp. of Los Angeles paid a record $754 per square foot for the building, besting a high bar of $745 per square foot that German investor GLL Real Estate Partners GmbH paid last year for 202 Westlake.


 
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