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REA
May 02, 2018  

Calpers Circling Amazon Offices in Seattle

Calpers is in talks to buy a massive new Seattle office property from a USAA Real Estate partnership at a record per-foot price for the booming market.The 812,000-square-foot Troy Block complex, fully leased to Amazon.com, was expected to fetch $800 million or more. The buzz is that pricing fell short of that threshold, but exceeded Seattle’s $926/sf record for a large office property. That indicates Calpers bid more than $750 million. The...


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