Seattle developer Vulcan sold the Whole Foods location and other retail space at 2200 Westlake on Monday for $65 million, King County records show.
Seattle developer Vulcan sold the Whole Foods location and other retail space at 2200 Westlake on Monday for $65 million, King County records show.
Houston-based Weingarten Realty, a real-estate investment trust that owns and manages shopping centers in 19 states, acquired about 73,800 square feet in the mixed-use project at Westlake and Denny Way, along with 412 parking stalls.
The project, built in the mid-2000s, was one of the early developments in the South Lake Union neighborhood’s transformation from a gritty industrial district of factories, warehouses and auto dealerships.
Vulcan said the sale did not include the 153-room Pan Pacific Hotel. Parts of the hotel remain under plastic sheets as contractors make repairs under a construction-defects settlement.
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Vulcan has been selling off properties in its South Lake Union portfolio and investing the proceeds in new projects. Last July, the developer received about $221 million for 2201 Westlake, across the street from the shopping center, setting a price-per-square-foot record for a Seattle-area office building.