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Deutsche Asset Management acquires premier Seattle office building


Deutsche Asset Management’s Alternatives and Real Assets (ARA) business acquired 2001 8th Avenue (West 8th) in Seattle, WA, for one of its investment funds.

West 8th is considered one of the premier office buildings in the city, located at the confluence of Seattle’s central business district and South Lake Union submarkets. Comprised of 516,985 square feet, it is a Class-A, LEED-Platinum office building that is currently 98% occupied. The area continues to evolve as a 24/7 live, work, play neighbourhood, increasing its attractiveness for high-growth technology companies.
 
“West 8th is located where Seattle’s most sought after commercial, residential and retail properties intersect to provide a true urban live, work, play experience,” says Todd Henderson, Head of Real Estate in the Americas for ARA. “This Class-A asset not only increases the quality of the portfolio, we believe it has the potential to provide investors with an attractive cash return for a high-quality office asset in a prime location.”

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