Walton Street Capital, a Chicago-based private-equity firm, sold two buildings in Seattle’s central business district on Friday for about $280 million.
The buildings — the 34-story 1111 Third Avenue and the adjacent, low-rise 1100 Second Avenue — were acquired by the same group that last year bought the nearby 47-story Wells Fargo Center for about $390 million, according to people familiar with the matter.
The group is led by Montreal-based Ivanhoe Cambridge, the real-estate arm of Canadian pension-fund adviser Caisse de Depot et Placement du Quebec, and Chicago-based Callahan Capital Properties.
The two buildings sold Friday were part of a 2.6 million-square-foot portfolio owned by a Goldman Sachs subsidiary that was pushed into receivership in 2012 by its lenders, among them Walton Street Capital.
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A court appointed Seattle-based Talon Private Capital as general receiver for the portfolio, and Walton Street eventually took title to the entire set.
More than $10 million was invested in upgrades to 1111 Third Avenue.
The Goldman Sachs subsidiary in 2007 paid $240 million for 1111 Third Avenue, records show.