The buyers of the 901 Fifth Avenue building are Schnitzer West and Investcorp, a New York-based investment management company.
The 901 Fifth Avenue office tower in downtown Seattle was sold to Bellevue-based real estate firm Schnitzer West and Investcorp, a New York-based investment management company.
The buyers announced the transaction Tuesday but provided no details on price or who sold it. Public records list real estate investment trust RREEF as the previous owner.
The 41-story building at the corner of Madison Street has about 540,000 square feet of space, and currently has 43 tenants ranging from law firms to tech companies.
The former Bank of California building was built in 1973 and renovated last decade. It has a parking garage and Bartell drugstore. King County appraised it last year at $133.3 million.
Most Read Business Stories
- Seattle tops nation's slowing housing markets
- Cantwell pushes to clear Boeing's final 737 MAX models, with conditions
- Fees for using MyChart? More health systems charging for some messages
- Home prices in Seattle and U.S. drop again as market cooldown continues
- There’s a job-market riddle at the heart of the coming recession
The new owners said in a news release that they plan to revamp the lobby to create an open “great room” that people could work in and be connected to the outdoor plaza.