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April 14, 2023

In distress, mostly vacant Southport offices to be sold

By BRIAN MILLER
Real Estate Editor

Photo by Michael Walmsley [enlarge]
The three buildings are still substantially empty of tenants.

Back in 2020, Starwood Capital loaned over $327.5 million to Seco Development, at a time when it was seeking tenants for the three empty new office buildings at its 17-acre Southport campus in Renton. That was during the depths of the pandemic, and a few tenants have since occupied some of the 715,000-odd square feet.


 
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