Vulcan Real Estate, which already owns more than 60 acres in Seattle's South Lake Union area, has bought another property there.

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Vulcan Real Estate, which already owns more than 60 acres in Seattle’s South Lake Union area, has bought another property there.

It purchased a 0.22-acre parcel at 515 Westlake Ave. N. for $3.75 million, according to county records. An 88-year-old warehouse now occupies the site.

Vulcan already owns most of the remainder of that block. A company representative said the acquisition makes for a better development site, but Vulcan has no plans for the property now.