Thursday, April 11, 2013

Cole Pays $142.5M for F5 Networks' Campus

National Commercial Real Estate News From CoStar Group

Cole Pays $142.5M for F5 Networks' Campus

Cole Corporate Income Trust, Inc. has acquired the three-building office portfolio at 351, 401 and 501 Elliott Ave. W in Seattle, WA for $142.5 million, or about $476 per square foot.

The seller, CLPF - Elliott West LLC, acquired the buildings in December 2005 for $117.1 million, or $391 per square foot, according to CoStar data.
See CoStar COMPS #1072559 for more info on this previous sale.

The buildings are fully occupied by application delivery...

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